Expenses Related to Prior Year Sale


T

Taxes3432

I have a situation where a partnership who developed
nonresidential real estate and rented it for a short period
of time sold the property in 2003 and this sale was reported
on Form 4797 as a 1231 Gain.

In 2004, some expenses related to warranty type fix it work
on this property occurred. Where should these expenses be
reported on the Form 1065? Since they relate to the sold
property, would they be a 1231 ordinary loss on Form 4797?
Would I simply report them on Page 1 instead?

Thanks.
 
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