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Business & farm
@xlcajun You actually posted on a very old thread. However, it is the responsibility of the partnership to report that their activity is dissolved and report it as such on the Schedule K-1. You yourself only need to enter in the K-1 information as you have received it. It is best not to enter in information that does not match what the IRS does not show. It is highly unlikely that the IRS will ask for anything more from you (since it is the partnership's responsibility to send you a "Final" K-1, the IRS will likely go back to the partnership to get this information, if they even decide to do that). If later the partnership sends you an amended K-1, with the only change being that the "Final" box is checked, you still will not need to do anything more unless the IRS specifically contacts you.
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