RobertB4444
Expert Alumni

Get your taxes done using TurboTax

Yes.  The disposition was not via a sale - it was because it closed.  You can enter sales information for the partnership.  It's not a real sale but it can count as one.  It sold for zero dollars and the basis is whatever you put into the partnership that you lost.  Use the date that you knew it was now worthless as the sale date.  That can be when you received a letter or a phone call or whatever.  but the day that you knew the investment had become worthless is the date of disposition.

 

@Ryuichi1 

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