Question 8 of 50. For tax preparers working with partnerships, it is important to understand the rules regarding terminations in order to know when a final partnership return is due to be filed. This will avoid assessment of serious penalties to the partnership Which of the following is considered a partnership termination? Over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a new partnership, O All of its operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. O Over 50% of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership. O All of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership