The partnership ended in 2024. It was a Complete disposition and the Disposition was not via a sale. Which of the 2 choices in TT is the correct one?
Below is a screen shot of the 4 options which appear after selecting Partnership Ship ended in 2024. The first and last options do not apply. The 2nd & 3rd are confusing because in my case both could apply: 1) it was a Complete disposal; and 2) the Disposition was not via a sale. I suppose I could select either one, but is there a "correct" choice?
If the partnership just ended and you were actively involved in the business and there was not a like kind exchange involved, then you would select complete disposition.
See the post here by JohnB for definitions of each option.
Still does not answer my question. I assumed it to be understood that I answered all of the questions correctly up to and until Describe Partnership Disposal. (which I am 100% confident I did). The partnership ended in 2024, it was a "Complete disposal" (choice 2) , and the "Disposition was not via a sale" (Choice 3). Is there a correct choice in that instance? Either could apply per the available choices, but only one may be chosen.
As @Vanessa A posted above - the "disposition is not via a sale" option is for 1031 exchanges. Select "Complete Disposition".