Skip to main content
April 1, 2020
Question

Describe partnership disposal

  • April 1, 2020
  • 1 reply
  • 0 views

I bought out my K1 general partner during the year. Is that "no entry" or maybe "complete disposition"?

1 reply

Employee
April 1, 2020

Read the recommended answer (by @Rick19744) in the post at the link below; it should answer most, if not all, of your questions.

 

https://ttlc.intuit.com/community/business-taxes/discussion/re-purchased-partner-s-50-ownership-of-an-llc-on-november-1/01/1067301#M37735