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Rosebud

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  1. I am closing out an a rental partnership LLC that has sold its' rental house. They had a few months of rental income and all is on the 8825. I've disposed of the house and assets thru Asset Manager.....it flows to the 4797....but not to the 8825. Shouldn't the gain on the sale be shown on the 8825???? Also, after distributing the cash, etc. the partner's still have basis.....what happens to that?
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