MoonDAWG Posted December 28, 2019 Report Share Posted December 28, 2019 Two brothers formed a p'ship several years ago. Over they years, they built a few rental houses. They also bought an old house, with the intent to remodel, but never did. They paid approx $7K for the house and property. One partner now wants to take the house over from the partnership, and pay the other partner $18K for his interest in the building. How would this best be handled? Quote Link to comment Share on other sites More sharing options...
jklcpa Posted December 28, 2019 Report Share Posted December 28, 2019 Danny, this site is for tax professionals only, most of whom use ATX software. We don't help the public here, and you would be better served by consulting with your own tax preparer on how best to handle your situation. 2 Quote Link to comment Share on other sites More sharing options...
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