@Taxes_are_hard You'd treat this as a complete disposition. From a tax standpoint, you were a partner and then the partnership ended. So you have to finalize your tax bill for your time in the partnership. You do this by treating the conversion as though you sold all the units, and then reinvested that money in this new entity. So you'd check the "partnership has ended" box, and then "complete disposition" (which will release any suspended losses). Somewhere in the info from EVA their ought to be a statement about what your opening cost basis is in the new Corp. That would also be the "price" you got for selling the partnership units.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
