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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?
March 6, 2021
12:22 AM