As a follow up to the question: After the name change we sold all our shares, except for 300 shares at the end of 2019. We then bought additional shares. Since we did not sell all the holdings as of 12/31/19, on TT we can't enter that the partnership ended until we sell the 300 shares, right? According to the K-1 instructions, any passive loss carry forwards can only be taken once the total shares held while Blackstone was a LTD are sold entirely.
We the sold the 300 shares recently in 2020, so that means for our 2020 taxes I will need to enter a K-1 for Blackstone showing that we ended the partnership, even though Blackstone will not be sending a K-1 for 2020.
Am I approaching this correctly?
