TaxGuyBill
Level 15
12-10-2025
05:04 PM
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@MaryMatt wrote:
she paid heirs an amount for the deceased interest.
Can I just let it go that it was not marked final? and ask forgiveness if caught?
That is the date the Partnership ended.
I'm crazy tired so maybe this doesn't make sense or I'm mixing something up, but did the 2024 Form 1040 report the gain/loss of the end of the Partnership? Doesn't the "final" 1065 usually trigger reporting of gain/loss of the Partnership interest, based on the Basis? Marking the 1065 as "final" isn't a big deal, but reporting the gain/loss of the Partnership Interest is important.