You are in the right place. In the initial questions for entering Schedule K-1 look for the page "Describe the Partnership." To report that you received a final K-1, check the box for "This partnership ended in 20XX." Even though the partnership itself didn't dissolve, your investment ended.
- Under "Describe Partnership Disposal," check the box for "Complete disposition."
- Under "Tell Us About Your Sale," check the box for "Sold Partnership Interest."
- Enter the sale information on the next pages. You need to know your partnership basis in order to complete this section.
- Continue to the end and TurboTax will show if you had a gain or loss on the sale.
This gain or loss is reported as Investment Income on Schedule D.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
