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Final K-1 Box not checked
I started to notify our members they can now access their K-1s, but I noticed the "Final K-1" box at the top of our 1065 is not checked.

Is this a problem?

Lori Johnson
It is only checked for a partner that is withdrawing from the club. As in this is their final K-1.

Randy
D & C Investment Club

Sent from my iPhone

> On Feb 28, 2023, at 1:30 PM, Lori Ann Johnson via bivio.com <user*36936600001@bivio.com> wrote:
>
> I started to notify our members they can now access their K-1s, but I noticed the "Final K-1" box at the top of our 1065 is not checked.
>
> Is this a problem?
>
> Lori Johnson
Did your club disband or did members withdraw? The final box on Form 1065 is only checked when a club disbands or on Schedule K-1 when a member fully withdraws from the club.

Ira Smilovitz

On Tue, Feb 28, 2023 at 1:30 PM Lori Ann Johnson via bivio.com <user*36936600001@bivio.com> wrote:
I started to notify our members they can now access their K-1s, but I noticed the "Final K-1" box at the top of our 1065 is not checked.

Is this a problem?

Lori Johnson
Thank you.