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Final k-1
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edythesc
Level 1
04-09-2020
12:54 PM
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a final k-1 that is a result of transferring partnership to a revocable trust
and
a final k-1 due to the partnership change to a corporation
Neither have a real tax consequence but the intuit form does not provide for a final k-I in either of these
circumstances.
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1 Comment 1
Slats
Level 4
04-09-2020
12:59 PM
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On the ProSeries Pro "Form 1041" series worksheet, there is a box wherein you may mark "amended" or "final" in the workflow, which will transfer onto the Sch K-1 when printed. This is located in the Part II of the worksheet, where you input the "information about the partner".
