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April 6, 2023
Question

describe partnership disposal

  • April 6, 2023
  • 1 reply
  • 0 views

i was a passive investor in real estate partnership that owned an apartment building.  We sold the building last year, paid out the proceeds to the partners and have received the final K-1.  What is the correct option to choose for "Describe partnership disposal" question.

No entry

complete disposition

disposition was not via a sale

sold and am receiving payments

    1 reply

    April 11, 2023

    Complete disposition would be the correct response, since the partnership is filing it's final K1.

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