sjrcpa
Level 15
10-03-2022
02:18 PM
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You've got a final 1065 with a year ended 5/31/21. It is late.
From 6/1/21 the activity is reported on the remaining owners 1040.
If remaining partner paid departing partner $250,000, that is an indication of what the 25% he bought is worth.
Ex-AllStar