How to show Death of a Partner in Partnership and transfer to Heir on K1 ?

[vinicpa]

I have a question on K1 generated from partnership. One of the partner died and the daughter of the partner got the partnership% based on Operating agreement and heir agreeing to take the 20% partnership. In the partnership return do we just issue the K1 to the daughter or do we do it differently. The partner died in Q1 2020. Would appreciate your guidance on this

[Anarchrist]

Wouldn't a K1 be issued to the original partner for the period of 1/1 to date of death and then another K1 issued to the new partner for the period she was a partner?

[Burke]

Yes, the partnership return will have 2 K-1's for that 20% interest. One for deceased until date of death, and one to daughter for remainder of time it was held by her.