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    A partnership has dissolved.

    Melanie
    Level 2

    It was based on intellectual property/other current asset. I have decreased the capital account by allocation A for the liability side on schedule L but now as the asset is concerned and handled do I just enter 0 or do I need deplete that in a different way?  If so how?

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    sjrcpa
    Level 15

    What happened to the intellectual property when the partnership dissolved? Who owns it now?


    The more I know the more I don’t know.

    View solution in original post

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    2 Comments 2
    sjrcpa
    Level 15

    What happened to the intellectual property when the partnership dissolved? Who owns it now?


    The more I know the more I don’t know.
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    Melanie
    Level 2
    Nobody the patent ran out.
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