- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
I think you are referring to the Schedule K-1 Partner's Share of Income, Credits, Deductions, etc. worksheet in TurboTax. There is a section called Final/Amended where you can check a box that says the partnership was discontinued during the year. I'm not sure why you can't check the box there but I did notice when I tried it the box was not checked automatically, but I was able to manually check it.
You many need to delete the K-1 entry and re-enter it. It may be that you changed an entry associated with the discontinuation of the partnership and sometimes things don't process properly when you do that. Also, that worksheet is just something internal in TurboTax, it won't be filed with your return so it shouldn't have any bearing on the accuracy of your return as filed.
**Mark the post that answers your question by clicking on "Mark as Best Answer"