Partnership - bought house to flip in 2018, sold in 2019

[Rebecca Schwarz]

I have a partnership who purchased a house (through loans by the partners) in January 2018, started rehab but ran out of money.  They incurred expenses plus purchase costs, which left no money to finish the rehab.  In 2019, they decided to sale it wholesale, which was completed in February 2019.  I have been told by experts that they do not file any taxes on this property for 2018.  Is this correct information?  I know they will need to file for 2019, but need to know if the information I have received is correct.