3686030
My wife and I bought a property in 2020 and assigned it to our LLC for nightly rental. We have completed 1065's every year, including this year for 2024 taxes. We sold the property after filing this year. Should we refile this year or wait until the end of this year and file with our 2025 taxes?
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If you sold the property in 2025, you report the sale on your 2025 tax return. The sale in 2025 does not affect your 2024 tax return.
Does the Partnership still exist? If it no longer exists, the 1065 will be due 2.5 months after the month the Partnership ended, in which case you likely will want to file an extension.
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