Hello, yes the LLC is now since Dec 2023 a single member LLC, (sent form 8832) and on my taxes I did Schedule E for the rental income and expenses, but one accountant told me I needed to do the final 1065 since a "partnership" doesn't exist any more. Other accountant told me since the operation continues no final 1065 was needed...It is confusing...
But the rental property continues under the LLC.
Since it is a final 1065 the software generated a 4797 as "property sold or exchange, or conversion", but this did not happened.
On Schedule K, for me the single member it shows a loss on #10 "net section 1231", but I don't want that to be generated since no sale took place, and I don't need the losses and then a big gain when its sold in the future!
Distributions on #19 are according to the balance sheet.
Thanks for your help!
