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M
mswurman13
April 15, 2021
Question

closing a K-1 form

  • April 15, 2021
  • 1 reply
  • 0 views

I was a member of a LLC years ago that has since closed. However loses continue to pass through year over year. I'm looking for a way to finalize the K-1 so it's closed out and no longer appears each year. Can you direct me how to do that?

 

Thank you,

 

    1 reply

    T
    ThomasM125
    April 20, 2021

    You may be able to delete the K-1 schedule by following  these steps in the online version of TurboTax:

    1. Tax tools (on the left menu bar)
    2. Tools
    3. Delete a form

    Find the schedule k-1 in the list and delete the form.

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    M
    mswurman13Author
    April 23, 2021

    Thank you for your response. Is there a way to do this in the Deluxe version you download from the CD?

    Matt

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