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Get your taxes done using TurboTax
You shouldn't need to override anything. In the interview, there's a spot where you can check off "This partnership ended in 2016" (its on the 'Describe the Partnership' screen). Doing that causes the "Final K-1" box to be checked for the K-1, and all suspended losses are released.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎June 7, 2019
4:02 PM