mphillips1994
Level 3
06-15-2020
10:06 AM
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I have a new client that has a domestic limited partnership with 3 family members and in the partnership they have a rental building and a restaurant. The rental building was sold in 2018 and the loss was reported on the taxpayers personal return but wasn't taken out of the partnership return. The previous tax preparer didn't show anything on the 1065. He unexpectedly died this year and this taxpayer has brought his info to me. How do I need to handle this situation on the 2019 1065?
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