Choose 1(a)(1) - sold partnership interest. If you received Form 1099-B, you can report the actual sale from the Investment Income topic in TurboTax (Stocks, etc.). In that case, you would report that the final K-1 represents a sale for the same amount as your basis in the partnership (zero gain or loss).
In the absence of Form 1099-B and any cash payout, the merger is a stock exchange and not a taxable sale. If you did not receive any cash from the transaction, the cost basis of the shares that you received is the cost basis of your previous investment.
See this post by TomYoung for instructions to enter Form 1099-B.
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