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Level 2
February 24, 2023
Question

A partnership that own several properties purchased a new property and added a new partner for that property only. How do I show different interest % of assets?

  • February 24, 2023
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1 reply

sjrcpa
Level 15
February 24, 2023

You don't. You will be specially allocating all K-1 items.

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