Much of the confusion over the effect of the death of a partner on the partnership (and on the deceased partner’s estate) relates to the question of whether the death of a partner results in the closing of the partnership’s tax year with respect to that partner.1 The confusion is compounded by the fact that the regulations in place2 do not reflect the 1997 amendment to the statute.3
Harl, Neil E.
"Planning Strategies for the Death of a Partner,"
Agricultural Law Digest: Vol. 18
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol18/iss9/1