Final K1 Box is Checked

Forum|Forum|5 years ago
March 31, 2021
1 reply
11 views

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_

Level 15

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.

mrjeffbarnesAuthor

Level 2

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

Anonymous_

Level 15

@mrjeffbarnes

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

Final K1 Box is Checked

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