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Level 1
March 2, 2024
Question

How do you prepare a short year return for a terminated partnership for 2024 in the 2023 software

  • March 2, 2024
  • 2 replies
  • 11 views
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2 replies

Level 15
March 2, 2024

Prepare the return.

Override to comply with 2024 tax laws (which may not be final until early 2025).

Mark it as a short year, final return.

Print, cross out "2023" and write "2024", and file by paper.

 

Or is there something else in particular that you are asking about?

sjrcpa
Level 15
March 2, 2024

Also put the dates of the actual year 1/1/2024 and ending xx/yy/2024

The more I know the more I don’t know.
abctax55
Level 15
March 2, 2024

And watch for any short year depreciation adjustments.

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