Discussion:Distribution of Partnership Assets

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Revision as of 20:47, 8 October 2006

Discussion Forum Index --> Tax Questions --> Distribution of Partnership Assets

Lois (talk|edits) said:

8 October 2006
Partnership held 8 rental properties. 5 were sold. The other 3 were refinanced in one the of partners names. This is the final return. How do I book the distribution of these 3 houses to the one partner? Is it the partnership basis? How on tax return is this captured?
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