epica
Returning Member

Business & farm

Thanks for the quick response! Honestly, there was none of those issues with the partnership termination—it was pretty clean. 

So, 2020 will be reported as normal then, correct? Meaning, I won't file the final partnership return for 2020 AND report Nov-Dec 2020 as a schedule c, right? I assume I'll just use my K1 for 2020 as I typically do. 

 

Now for 2021, it sounds like I need to file for a new EIN. Do I need to do anything with the old partnership EIN once the final 2020 return is filed?