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It is not a distribution of cash from the estate to the beneficiary partner to which I was referring, but to the termination of the partnership when the number of partners goes from two to one and the partnership terminates under 99-6. Sue Sent from ...
I agree that for federal tax purposes an estate steps in as partner and reports its share of income, regardless of the partnership's status under state law, until there is either a technical termination or all of the partnership assets have been distributed. ...
I am curious how many accountants have revisited transitioning to cloud-based accounting packages such as QuickBooks Online or Xero. I recall some pretty strong assertions on this forum over the past few years on the superiority of QuickBooks Desktop. ...
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