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Final K1
We closed our 1065 partnership end of 2022. Generated final k1s. In the 1040 TT has the Additional Information Sheet which asks about the disposition of the partnership in Part II. It wants you to choose 1a or b or c. None of the choices are applicable. We just closed it. I tried the "abandoned" box but 1a, b, c are still highlighted. Line 4 "how acquired" choices are purchased, inherited or gifted - Non applicable. We started the business ourselves. If you pick anything then line 4 and 7 are highlighted. I'm a bit frustrated.
‎February 17, 2023
2:28 PM