Thanks for the prompt replies. To clarify, we offered the property for rent in 2023 and did not offer the property for rent in 2024 – we listed for sale and then sold the property. So I believe the return is correct for 2023 and will be for 2024.
Don’t I need to report the loss from Form 4797 somewhere on Form 1065 Schedule D or Form 8949 and then enter it somewhere on Form 1065 before I allocate 50% to each partner’s K-1? Or do I simply allocate the loss between the each partner's K-1 and not report it anywhere else?
Thanks for your guidance.
