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.

If I was a business partner in a network marketing company but didn’t earn any money in 2024 and also officially ended my partnership April 2024, do I delete the job?

Is it better to leave it on this years return since I was still a business partner until April and put $0 income/expenses?
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.

1 Reply
LeticiaF1
Employee Tax Expert

If I was a business partner in a network marketing company but didn’t earn any money in 2024 and also officially ended my partnership April 2024, do I delete the job?

Since you were a partner in the business up to April 2024, you should still receive a Schedule K1 from the partnership this year. You will need to report this schedule on your return.  

What is a Schedule K-1 Tax Form?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question