Greta
Level 9
06-30-2023
04:33 PM
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I need help with proration of K-1s in 2023. One of two partners died May 28 2023 to be replaced per his will by a trust. Trust may be formalized later in the year. So the widow gets 50% on her K-1. What % does the deceased partner get, and what % does the Trust get? Step Up basis takes place on May 28?