JustLost
Returning Member

Removed partner, how to fill K1, or change to sole member of LLC

I had a partnership LLC including my wife's IRA and My IRA as members and I am manager of the LLC.  My wife decided to cash out her IRA (save on annual IRA fees) in 2021 and we removed her from the partnership, and filed as needed. 

 

Now the LLC is only my IRA, no more partnership.  Turbo tax is now says my K1 is incomplete because my SSN is invalid.  Well, I believe, the error is due to needing two members in a partnership where I only have one.

 

I tried changing the "member" to Individual, limited partner, etc. but Turbo Tax will not let me file showing my SSN as red, an error.

 

Not sure what to do for Form 1065, Schedule K-1