Parnership becoming disregarded

[Flubacher]

We have a client that has 40 LLC's, primarily holding real estate, with various members throughout the LLC's.  These LLC's, previously multi-member, have been transferred into one LLC (Newco) on 7/31/2022, making the 40 LLC's disregarded to Newco. The previously mentioned various members were given an ownership share of Newco based on appraisals performed for all of the real estate holdings.  Of course their capital accounts will flow over to Newco.  We have extended all of the 1065's for the short period returns required.  Our questions are:

Does the ending balance sheet, Schedule L for the short period returns reflect no assets, liabilities or equity, in other words is the ending balance sheet blank?

On the K-1 does the ending capital amount show as a distribution and the capital account reflect zero?

On the K-1 does is ending recourse and non-recourse debt blank?  

We believe we cannot mark the tax return as final, due to the EIN continuing.  These entities all have bank accounts in their name with these EIN's and rental contracts all in the legal entities names.  But do we mark the K-1 as final?

On the K-1's of Newco, does the capital accounts show a beginning capital account or a contribution of the capital?

[BobKamman]

Just to simplify, let's say there were only two LLC's.  A and B owned #!, and A and C owned #2.  Now their assets have been transferred to a new LLC, owned by A and B and C.  And you're saying this is a nontaxable transaction?