Termination of Limited p'ship

Mar 26, 2008 0 Replies

I do taxes gratis for a couple of friends, and I'm thinking about turning this one over to a professional (return has been simple until this year.) He has an interest in a Real Estate Limited partnership that terminated and sent a final K-1 this year. Couple of questions:


  1. He has not kept track of the K-1's. The capital account was positive last year, and has shown small (


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