I was a partner in a private partnership for Jan-Feb this year. Then I sold the partnership interest and ceased to be a partner.
Will I be getting a K-1 for the pro-rata income/expense for that 2- month ownership?
TIA
I was a partner in a private partnership for Jan-Feb this year. Then I sold the partnership interest and ceased to be a partner.
Will I be getting a K-1 for the pro-rata income/expense for that 2- month ownership?
TIA
Yes, though the partnership agreement would say if it's pro rata or another formula.
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