7217

Related products:ProConnect

Forum|Forum|1 year ago
February 10, 2025
5 replies
10 views

Where is form 7217? Apparently no one told ProConnect that they were going to have to add a new form this year to the form 1065... https://www.irs.gov/forms-pubs/about-form-7217 - this should be integrated as an option on asset disposals and then linked to 19b on the Sch K, pg 5 of the 1065 and then also the partners K-1s box 19 as well.

sjrcpa

Level 15

Are you sure you need it?

In my experience it is rare that property is distributed.

Mostly it's cash.

The more I know the more I don’t know.

S

SEAWCPAAuthor

Level 2

Yes - the entity is liquidating. Real estate is being quit-claimed & deeded to individual owners who are holding the property.

sjrcpa

Level 15

I guess you are SOL for ProConnect.

Can you fill it out manually and attach as a pdf?

The more I know the more I don’t know.

S

SEAWCPAAuthor

Level 2

Yes, PDFs are already done- all 4 partners and all 8 properties.

A

Anonymous

Thanks for the idea to support Form 7217. We are changing the status to "Open for voting".

Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> ProConnect Idea Exchange

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