Some additional facts would be good:
- You indicate equipment was salvaged in May 2019. Please expand on this.
- What is the year end of the partnership? Calendar?
- If bullet 2 is correct, what activity occurred between 1/1/2019 and 5/2019?
- Anything distributed to the partners? What and when?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
