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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Discontinue partnership
Discontinue partnership
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dabookie
Level 2
02-04-2021
05:02 PM
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Partnership has not done business since 2016. It was discontinued. 1065 submitted as final. K1 checked off as Final K1 but error comes up asking for disposition of "interest" Wasn't sold or anything partnership was husband and wife and they just stopped doing business with partnership.
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linette
Level 5
02-04-2021
09:40 PM
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I have no idea what the right answer is here but I enter the last day of the year, zero for sale price and then review everything, override where needed to get the return the way I want it.
System doesn't let you remove something as dormant.
