Solved: Yes. Except next year you will want to eliminate one of...

I have invested in a LLC Partnership that had a technical termination. I reported each k-1 separately on my return. Is that all I need to do to report this transaction?

posted

Yes.

Except next year you will want to eliminate one of the K-1 input forms since you will only receive one K-1 in 2017 (assuming there is not another technical termination).

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

View solution in original post

Yes.

Except next year you will want to eliminate one of the K-1 input forms since you will only receive one K-1 in 2017 (assuming there is not another technical termination).

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.