Final K-1
I received a Final K-1 for a property that sold in Tax Year 2021. It took another year to close out the partnership. I received a Final K-1 for Tax Year 2022.
Under Describe the Partnership, I checked This Partnership Ended in 2022. The next screen was Describe Partnership Disposal. There are four chooses: No Entry, Complete Disposition, Disposition was not via sale, and Sold and am receiving payments. Which do I select? In am torn between Complete Dispostion and Disposition Was Not Via Sale. The property was sold in 2021 and all capital gains were calculated during that tax year. We only received some residual funds left in the partnership for 2022 from a refund on insurance and property tax refund. If I select Complete Disposition, then TurboTax ask questions regarding the sale, but the sale did occur in 2022, Sales Price, Selling Expense, Partnership Basis, Ordinary Gain, and 1250 Gain.
Or do I select Disposition Was Not Via Sale, in which case in just asks the purchase date and sale date and lets me move on to the next screen and no errors.