K-1 Entry Error

[otsjazz79]

Turbo Tax Primiere

Sch K-1 Wks-Partnerships - Sch K-1 Partnership Additional Info 2: Disposition of interest question 1 must be entered.

Part II Disposition of Partnership Interest

ON my Schedule K-1 (Form 1065)

I have not sold any shares. On the K-1 (1065) right below Part II, L - Final / Amended - Final K-1 and Amended K-1 Check boxes.

I have checked Final K-1, no other boxes are checked.

On review, I continue to get the error that the disposition must be entered.

What is wrong here?

[nexchap]

The "Final K-1" box means that this is the last K-1 you will ever receive from the partnership:  that you've exited it and are done.  That's why TT is trying to get you to explain how that happened (sold shares, it merged, etc).  It doesn't sound like you should be checking that box if you haven't actually ended the partnership.

If you go through the K-1 in interview mode, rather than making changes directly on the Forms, TT will decide if any of these boxes need to be checked.