The taxpayer received a K-1 that is marked "final." How do I indicate this on the individual 1040 return?
To indicate the final year of a K-1 on a 1040 return, mark the The activity was disposed of during taxable year box on the applicable K1 screen (K1P, K1F, K1S)
Marking this box will allow the software to correctly calculate the final year information.
On a scale of 1-5, please rate the helpfulness of this article
Optionally provide private feedback to help us improve this article...
Thank you for your feedback!