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BJ9
Level 2

Do I check the Complete Disposition or Disposition Was Not a Sale block if the K-1 is a final K-1? All properties in the real estate partnership were sold?

This was an investment in a real estate fund. The fund is closed after selling all the properties in the fund. I do not receive payments.
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gloriah5200
Expert Alumni

Do I check the Complete Disposition or Disposition Was Not a Sale block if the K-1 is a final K-1? All properties in the real estate partnership were sold?

Yes, it would be considered a complete disposition if:

  • it is a final k-1 and
  • if all the investments were sold and
  • your investment was liquidated,

You should have received information provided to you with the k-1 as to the cash/property distributions received due to liquidation of your interest  to show on your return and how to do the calculations of it.

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