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In the past, this would have been reported on the partnership return with a K-1 distributed to each partner. At this point, the partnership does not exist.

If the payment is being made to the partnership, or to one member on behalf of the partnership, and then divided by that member among the former partners, my take would be that the partnership has been re-established, and would need to file one more tax return and issue one more K-1. If the payment is being made directly to each individual former partner, not to the partnership or a single member who divvies it up, then each individual partner would need to report it where the income from a K-1 would have placed it - presumably on Schedule E for the rental income and on Schedule B for any interest income. But you should probably consult with the attorney who oversaw the dissolution of the partnership to be sure.

AJ
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