Solved
If one partner leave a two-man partnership during the tax /calendar year, do I have to file two tax returns for that year?
This is the first year of the partnership and before the year is up one of the partners decides to assign all his rights to the partnership. In order for me to prepare the accurate K-1s for the partners do I need to close the books as of the effective date of the transfer and file a tax return for that time period and then file another for the company as a disregarded entity for the remainder of the year where the partnership had only one partner?
