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Where do I enter that my K-1 has the Final K-1 box checked?

The prompts never asked this question and I recall that the software has asked that question in prior years.  Is this a glitch in the 2020 software?  I see that the Final K-1 box check exists in the worksheets but it doesn't let me edit that worksheet, it appears to be read-only.
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2 Replies
PattiF
Expert Alumni

Where do I enter that my K-1 has the Final K-1 box checked?

Yes, if you received Schedule K-1 marked "Final," you may report that the partnership dissolved. 

 

Be sure you edit the partnership information under the Schedule K-1 topic and mark that the partnership ended. The program will then ask you how you disposed of the investment.

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Where do I enter that my K-1 has the Final K-1 box checked?

That worked perfectly, thanks so much!

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