Just-Lisa-Now-
Level 15
Level 15

@GKK wrote:

Would it be better to not check the Final K-1 box and simply remove the form next year? 

You are correct, the partnership was formed to distributed the sale of the home, its only asset and was dissolved.


ProSeries will continue to bother you for sales info when you hit the Final box, I think theyre might be a "dissolved" choice but it still wants more info, so you can put zeros or just not mark it as final and remove it next year. Unless of course your partner still has basis and received nothing when it dissolved, then I guess youd have a loss to report.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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