- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Since you did not sell the partnership you don't need to report the disposition of it, assuming you don't have any carryover losses to account for. So, you can delete the K-1 entry that will get carried over from the previous year and then set up the sole-proprietorship as if it was a new business.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 6, 2020
12:24 PM