Final K1 Box is Checked

[mrjeffbarnes]

On all of the K-1s I am sending to partners of my company, it shows that the "Final K1" box checked. However, in the software I made sure that we never said the business closed. So why are all the boxes checked for "Final K1"?

[Anonymous_]

Are you using TurboTax Business to prepare a 1065?

If so, did you indicate the partnership was filing its final return or that the partners left the company?

Check both in the Business Info tab.

[mrjeffbarnes]

Using TT for Business, and did NOT indicate it was final. Not sure why it's checked. 

[Anonymous_]

@mrjeffbarnes 

Check the entries on your Information Worksheet, 1065, K-1 Worksheet, et al, in Forms Mode.

[mrjeffbarnes]

that's what I had to do to uncheck those boxes. thank you. 

[dolphnluvr85]

How do I do this if I am amending the return? When I'm in there, and I choose the forms, it won't let me uncheck final.

[Anonymous_]

Most likely you will have to make a manual adjustment (if you cannot do a hard override).

It does not much matter since you will have to print and mail the return regardless.