On "Describe this Partnership," I selected "partnership ended in 2019," but that box is not checked on the form view.
It's also leaving my "Ending Capital Account" equal to the "Beginning Capital Account" even though I've entered in the appropriate Schedule K-1 values which should be deducting from the capital amount, leaving $0 as the ending capital to match my partnership basis statement.
Separately, should I also be checking that I "disposed of a portion of my interest in the partnership during 2019"? The entire LLC is canceled. We were operating at a small loss this year, and each partner's remaining basis was dispersed to them and indicated on the respective K-1's. There was no sale of the business, no overall gain or loss.
I'm not understanding the "Describe Partnership Disposal" options and subsequent interview questions either as they do not seem to apply to my situation.
