Final IRA/SEP/KEOGH K-1 with K-3 box checked

Forum|Forum|2 months ago
March 28, 2026
2 replies
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Hello,

I have a final K-1 for a IRA/SEP/KEOUGH with the K-3 box checked. I have never ran into this.

If I enter the K-1 as reported (all zero's but states K-3 is attached) It states I need to enter K-3 information. I read that I would need to request the K-3 and many times it is not required to be reported. It also asks to report disposition of partnership interest.

The K-1 also has a box checked that the decrease is due to a sale but I am not sure what decrease they are referring to.

The only thing reported on the K-1 is the partners capital account analysis showing the amount contributed for the year and the withdrawal/distribution which is the same as amount contributed.

Thanks for any help you can offer.

ProSeries Basic

T

Terry53029

Intuit Community Champion

You do not have to report a K1 from a retirement unless it has UTBI in box 20 code V, then youy report it on form 990 using the EIN of the partnership if the amount is over $1000 ( TOTAL FOR ALL K1'S IF MORE THAN ONE)