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Business & farm
It depends if you're using TurboTax Desktop or TurboTax Online.
To find the screen in TurboTax Online please follow these steps:
- Within your tax return click on Income & Expenses at the top of the screen
- Click Edit/Add for your Schedule K-1
- Click Update for the type of K-1 you need to correct
- Click Edit to change the info for the K-1
- Click Continue until you get to the XXX - More Info screen
- Uncheck the box This xxx ended in 2021
To find the screen in TurboTax Desktop please follow these steps:
- Within your tax return click on Federal Taxes at the top of the screen and Wages & Income
- Click I'll choose what I work on
- Scroll down to Business Items and click Update for Schedules K-1, Q
- 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
- Answer the questions until you get to the Describe the Partnership screen
- Uncheck the box This xxx ended in 2021
@jeffisk
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March 1, 2022
6:28 AM