I am looking for clarity on how to enter information about a Final K-1. I am a passive member of an LLC that sold the buildings to a third party in 2020. Since the buildings were sold by the LLC, the LLC has been dissolved. I received my final distribution (Box 19). Amounts for 1250 gain (Box 9c) and 1231 gain (Box 10) are listed in the K-1. I understand how the enter the Box 9c, 10, and 19 information into Turbotax. However, I am confused on how to categorize the "sale". I have seen different posts in the discussion board including one with a response from @Rick19744 indicating to mark "Complete disposition" and use my distribution as the sales price,
https://ttlc.intuit.com/community/business-taxes/discussion/how-enter-final-k-1-for-final-disposal-l...
while another with a response by @DavidS127 indicates "Disposition was not via a sale" and to not enter a sales price,
https://ttlc.intuit.com/community/taxes/discussion/schedule-k-1-section-1250-gain-characterization/0...
Conceptually, entering no sales price seems accurate since I did not sell anything, but also seems like a red flag to the IRS. I have been tracking my basis over the years, and while it is close to the final distribution, it is not the same. So if I enter this into Turbotax, I end up with a small amount of long-term capital gain on that difference. I want to make sure this is accurate and that I am not being partially double-taxed.
