Exam Question 69 When is a partnership terminated for tax purposes? A When no business, financial operation, or venture of the partnership continues to be carried on by any of its partners in the partnership B When at least 50% of the total interest in partnership capital and profits changes hands by sale or exchange within 12 consecutive months C When the partnership tax return (Form 1065) ceases to be filed by the partnership D When the sale of partnership assets is made to an outsider and not to an existing partner