ABANDONMENT OF A PARTNERSHIP INTEREST

[mohan]

Hello, I would like to know where to show "abandoned partnership interest loss". I saw bunch of case references, but I would like to know what form I might use to report on 1040.

If anyone knows please let me know.

[Just-Lisa-Now-]

The K-1 would be marked Final then a second K-1 page opens up for you to input disposal information.  Abandonment is one of the choices.

[mohan]

That's on 1065 Tax return. I would like to know where to claim "abandoned partnership loss" on 1040.

[Just-Lisa-Now-]

that's for the K-1 (use the K-1 worksheet) that's entered on the 1040.