I received a final K-1 for a partnership that made an investment in a company that went out of business. On turbotax, the ways to describe this disposal are "no entry," "complete disposition," or "disposition was not via sale." which is the correct choice?
The option "complete disposition" requires a sale date which does not apply.
thank you.
"complete disposition," or "disposition was not via sale".
each requires a sales date for which you can use 12/31/2023
"no entry" will cause issues if you have suspended losses. They are now allowable assuming you had enough basis.
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