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Final k-1

edythesc
Level 1

a final k-1  that is a result of  transferring  partnership to a revocable trust

and

a final k-1 due to the partnership change to a corporation

 

Neither have a real tax consequence but the intuit form does not  provide for a final k-I in either of these

circumstances.

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1 Comment 1
Slats
Level 4

On the ProSeries Pro "Form 1041" series worksheet, there is a box wherein you may mark "amended" or "final" in the workflow, which will transfer onto the Sch K-1 when printed. This is located in the Part II of the worksheet, where you input the "information about the partner". 

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