Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
djloner
New Member

Had a General Partnership of 95% to 5%. Going to a Sole Proprietor. What do we need to do when answering question regarding Final Return? Do we answer yes or no?

 
1 Best answer

Accepted Solutions
KatherineC
New Member

Had a General Partnership of 95% to 5%. Going to a Sole Proprietor. What do we need to do when answering question regarding Final Return? Do we answer yes or no?

If you are no longer going to have a Partnership and therefore no Partnership return to file (and the change was at the end of or during 2017), you would answer yes, that you are filing the final return.

View solution in original post

1 Reply
KatherineC
New Member

Had a General Partnership of 95% to 5%. Going to a Sole Proprietor. What do we need to do when answering question regarding Final Return? Do we answer yes or no?

If you are no longer going to have a Partnership and therefore no Partnership return to file (and the change was at the end of or during 2017), you would answer yes, that you are filing the final return.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v