I've been nominated to prep my daughter's return via Turbotax (lucky me).
She is a Sole Proprietorship for 2021, reporting on Schedule C.
The Sole Proprietorship ended 12/31/2021 and she transitioned to a Partnership with her hubby on 1/1/2022; same name, same EIN.
How do we handle the ending inventory and depreciable assets? That is, how do we transfer them from the Sole Proprietorship to the Partnership?
