3262376
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

DIT0
Returning Member

I received a final k-1 how do I post that in my return?

The K-1 is final.  How do I input that?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
PatriciaV
Expert Alumni

I received a final k-1 how do I post that in my return?

Did you sell your interest or did the entity dissolve? TurboTax will ask you to "Describe This Partnership." Check the box for "This partnership ended in 20XX." This answer refers to your participation in the partnership and not the partnership itself.

 

On the next pages, indicate how you disposed of your interest (why is this the final K-1?) and details for a sale and/or disposal of your interest. If you didn't sell your interest, then you may have a capital loss on the disposal of your investment.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
DIT0
Returning Member

I received a final k-1 how do I post that in my return?

What I need to know is that on a K-1 received I posted a number, -1168, in box 17E, and I get a response that it's not within the upper or lower limits.  How do I fix that?

PatriciaV
Expert Alumni

I received a final k-1 how do I post that in my return?

What type of K-1 are you entering? Is Box 17 Code E for AMT Deductions or Recapture of a Credit? Both of these options should allow a negative number for Code E. Where do you see the error message?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question