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March 10, 2022
Question

business partnership final K-1 is not showing 0%

  • March 10, 2022
  • 1 reply
  • 0 views

I have a deceased member on the Partnership LLC. When creating the K-1 Turbotax is not using a zero percentage for end of year. The Pennsylvania State K-1 shows the 0% but the Federal K-1 does not. Is this a software bug?

 

    1 reply

    March 10, 2022

    I am assuming the surviving partner's federal K-1's have been adjusted accordingly.  If their percentage equals 100% on the Federal K-1's,  then there is not an issue.