AliciaP1
Expert Alumni

Business & farm

It depends if you're using TurboTax Desktop or TurboTax Online.  

 

To find the screen in TurboTax Online please follow these steps:

  1. Within your tax return click on Income & Expenses at the top of the screen
  2. Click Edit/Add for your Schedule K-1
  3. Click Update for the type of K-1 you need to correct
  4. Click Edit to change the info for the K-1
  5. Click Continue until you get to the XXX - More  Info screen
  6. Uncheck the box This xxx ended in 2021

To find the screen in TurboTax Desktop please follow these steps:

  1. Within your tax return click on Federal Taxes at the top of the screen and Wages & Income
  2. Click I'll choose what I work on
  3. Scroll down to Business Items and click Update for Schedules K-1, Q
  4. Answer Yes to review your K-1, click Update for the type of K-1 you need to correct, and Edit for the issuing company
  5. Answer the questions until you get to the Describe the Partnership screen
  6. Uncheck the box This xxx ended in 2021

@jeffisk

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