Detailed Answer
(a) The requirement is to determine the date on which
the partnership was terminated. A partnership generally does not
terminate for tax purposes upon the death of a partner, since the
deceased partner’s estate or successor in interest continues to
share in partnership profits and losses. However, the Beck and
Crocker Partnership was terminated when Beck’s entire partnership
interest was liquidated on April 30, 2013, since there no
longer were at least two partners and the business ceased to exist
as a partnership.