HiCPA
Expert Alumni

Tax law changes

Hi @mellynlee1 !

 

If you already received your final payments from the partnership and you have completely dissolved your share in the partnership through a sale, you can select the "complete disposition" option.

 

The TurboTax screens will then follow up to ask more questions about your sale, including entering in your sale date(s) and sale information.

 

Here is the IRS instructions for Schedule K-1 for a beneficiary filing form 1040 or 1040-SR for your reference. Link here

 

Enjoy the rest of your day!

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