I'm not sure how to answer this question properly. This is the final return for our closed business. There were no assets as it was a dropship business. There was a little money in the checking account (less than $100) that we took out of the bank when we closed the business. Other than that, there's nothing to "dispose" of.
So, what's the proper way to answer this?
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check final k-1and partnership discontinued in 2020
use the quickzoom link to be able to enter the disposal info
in partII disposition
check box 1a and 1a(3)
enter dates
line 5,7 and 9 enter 0
I didn't know what quickzoom was so I looked into it. I am using TurboTax online & it doesn't offer quickzoom. So, I'm not sure how to answer the question with the option that TurboTax gives me as seen in the picture.
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