I need clarification of the 2 choices under Describe Partnership Disposal. The partnership ended in 2024 (Complete disposition), but it was not via a sale. What choice?

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April 4, 2025
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The partnership ended in 2024. It was a Complete disposition and the Disposition was not via a sale. Which of the 2 choices in TT is the correct one?

Vanessa A

which choices are you seeing?

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akdaddioAuthor

Below is a screen shot of the 4 options which appear after selecting Partnership Ship ended in 2024. The first and last options do not apply. The 2nd & 3rd are confusing because in my case both could apply: 1) it was a Complete disposal; and 2) the Disposition was not via a sale. I suppose I could select either one, but is there a "correct" choice?

Vanessa A

If the partnership just ended and you were actively involved in the business and there was not a like kind exchange involved, then you would select complete disposition.

See the post here by JohnB for definitions of each option.

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