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The partnership ended or the trust ended? If you got a final K-1 from the trust then the trust ended, but what about the 1065 (the partnership)? It's not clear; is that also dissolving? You said the partnership has ended. Is that the case. You need to provide more details on what is happening.    If the assets are being transferred to a new entity then they have the same basis as the entity transferring them had.

When you select the type of sale in the Sales section box, the dropdown has selections for short term basis   To enter an investment sale - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA), click the start or update button Using the online editions -   On the screen Did you have investment income in 2025? click on Yes On the screen Save time and connect your financial accounts click on Enter a different way On the screen How do you want to add your docs?, select Type it in myself On the screen OK, let's start with one investment type, select Stocks, Bonds, Mutual Funds and continue

You have to select to file the extension from inside your return but your return does not need to be prepared yet. See How do I file an IRS tax extension? & How do I file an extension for my personal state taxes?

You do not need an online tax return to e-file the extension request.   See this for how to e-file an extension request - https://ttlc.intuit.com/community/extensions/help/can-irs-extensions-be-e-filed/01/25884?search-action-id=618691191333&search-result-uid=25884

Hi baldietax-   OK, thank you very much for taking the time to answer my maybe stupid question.   I had just never had the experience before of a continuation statement being put at end of return by the TurboTax program itself.   I guess the difference is, if the TurboTax program does it, it's OK and doesn't cause any problems, but if the user needs to attach a PDF or Word document explanation page to the return, it can't be done electronically, it can only be done on paper, so forces a paper return which then has to be mailed to IRS.   Thanks again!  

If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Yes, you will need to file an extension for your personal tax return.   See this for how to e-file an extension request - https://ttlc.intuit.com/community/extensions/help/can-irs-extensions-be-e-filed/01/25884?search-action-id=618691191333&search-result-uid=25884