SusanY1, are you saying that publicly traded partnerships reliably check the Final K-1 checkbox on a K-1 that they issue to a taxpayer when and only when they are dissolving? And thus not, as so many people in the Community and other places online say, also when the partnership continues but the taxpayer has fully disposed of their interest in the partnership during the tax year?
Please allow me to point out that the taxpayer does not complete a K-1. And the TurboTax K-1 interview does not offer the taxpayer a checkbox labeled "Final K-1". What they do offer is a checkbox on the Describe the Partnership page labeled "This partnership ended in ...." Many people in the Community and elsewhere online claim that the taxpayer should check that checkbox when they have fully disposed of their interest even though the partnership has not ended. Are they right or wrong?
Thanks
