@Critter wrote:
Partnership return due date was changed to 3/15/19 a couple of years ago unless you put it on extension until 10/15/19 ... if you didn't the penalties are adding up quickly so seek local professional assistance ASAP.
Right, and some of the answers demonstrate why professional assistance is absolutely necessary.
First of all the due date is 3/15/19 but a tax professional could recommend a fiscal year beginning April, 2018, which would, at least, reduce the amount of any penalties.
Further, if for whatever reason the nonrecognition rules do not apply, the original poster probably cannot merely indicate the property was converted to personal use.
Finally, partnerships do not even file a Schedule E.
