I am a passive participant in an LLC that dissolved in 2022. I received a final K-1. I'm confused on how to answer TurboTax questions regarding the dissolution of this partnership.
On "Describe the Partnership", I chose "This partnership ended in 2022.". However, I don't know how to answer the next question "Describe Partnership Disposal". The LLC ceased business operations (folded), so there was no "sale" involved. Should I choose "Complete disposition", and if so, how should I answer the following question "Tell Us About Your Sale"?
Thanks!
