754 election

[mb3]

I have an individual client who has interest in a partnership. The client had a valuation done to get a set up in basis at the time of her husband's death. The partnership did not make a 754 election. Is there a way of making a late 754 election? Or what should I do as I only prepare the individual return and not the partnership return? Thank you

[sjrcpa]

Its a partnership election. Nothing you or your client can do.

Do keep track of her basis starting with the date of death valuation.