K-1 for Part-year partner in a partnership?

Sep 27, 2010 1 Replies

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NoClue 15 years ago

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

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Arthur Kamlet 15 years ago

Yes, though the partnership agreement would say if it's pro rata or another formula.

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