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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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- Re: Removing shareholder in S-corp
Removing shareholder in S-corp
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ckevin
Level 3
02-25-2023
04:33 PM
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One of two shareholders had a final K-1 for 2021. He carried over this year and I cannot get rid of him.
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Jonesin1
Level 4
02-25-2023
05:38 PM
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Adding or removing partners and shareholders in ProSeries
- Open the client return.
- Press F6 on your keyboard to bring up Open Forms.
- Type in "K1W" and press Enter to open the Schedule K-1 Worksheet.
- Click on the ID No. for the existing partner.
- Press the Page Down key on your keyboard.
- Enter the next partner's information.
