Final K-1
1) A final K-1 because partnership transferred to a revocable trust
2) Another partnership converted to a corporation
Neither situation has a place to input on the 1040 as no tax consequence
How are these Final k-1s handled?????
1) A final K-1 because partnership transferred to a revocable trust
2) Another partnership converted to a corporation
Neither situation has a place to input on the 1040 as no tax consequence
How are these Final k-1s handled?????
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