Partnership dissolution

[Gail in Virginia]

I have a partnership return I am working on - real estate partnership where the real estate was sold in 2007, and the partners want to wind up the partnership. I had told the managing partner to bring me everything when they sold the land so we could prepare for a final return in 2007, but of course he did not come in until 2008 even though they closed on the land in July.

My question relates to the timing of the final return. They are cash basis; the only income/expenses they will have for 2008 are my fee and $25 to the state of VA to dissolve the LLC. Can I accrue those two fees onto the 2007 return so that I can mark it final and they can be done with it, or do they have to file another return for 2008 showing payment of the fees?

Any comments welcome.

[michaelmars]

yes you can, at least here in NY, a corp dissolution is a state issue.