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    Partnership Liquidation

    How do you report the liquidation of a partnership on the tax return? Each partner in this partnership will have a gain on the liquidaiton of the partnership. Does this show up on the tax return or K-1? Should I attach a statement showing the capital account and the fact that this distribution is more that each capital account? Or, is it each partners responsibility to calculate this?

    #2
    Should I put an attachment on the tax return showing the gain on the liquidation of the partnership?

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