topic Re: closing a K-1 form in Get your taxes done using TurboTax

closing a K-1 form

mswurman13 — Thu, 15 Apr 2021 20:21:15 GMT

I was a member of a LLC years ago that has since closed. However loses continue to pass through year over year. I'm looking for a way to finalize the K-1 so it's closed out and no longer appears each year. Can you direct me how to do that?

Thank you,

Re: closing a K-1 form

ThomasM125 — Tue, 20 Apr 2021 23:14:18 GMT

You may be able to delete the K-1 schedule by following these steps in the online version of TurboTax:

Tax tools (on the left menu bar)
Tools
Delete a form

Find the schedule k-1 in the list and delete the form.

Re: closing a K-1 form

mswurman13 — Fri, 23 Apr 2021 01:50:00 GMT

Thank you for your response. Is there a way to do this in the Deluxe version you download from the CD?

Matt