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What do we need to do with a Limited Partnership after we

Customer Question
filed the final tax return...
What do we need to do with a Limited Partnership after we filed the final tax return? We now need to request a new Fiscal year for this Limited Partnership for other purpose.
Submitted: 2 years ago.Category: Tax
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11/18/2015
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,718
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If you file the final tax return for the partnership - that means - the partnership is dissolved and doesn't exist anymore...

All assets are distributed to partners.
So - because the partnership is dissolved - you may not request anything for THAT partnership.

But you may form a new partnership and may request a Fiscal year for that NEW Partnership.

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Tax Professional: Lev, Tax Advisor replied 2 years ago

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