My husband and I dissolved our LLC at the end of the year, so in the TurboTax Deluxe interview, I selected "Complete disposition" and "Liquidated Partnership Interest". Please let me know if either of those options are incorrect. Why does it go on to ask for sales information when we didn't sell the business nor our individual interests in it? Do I need to fill it out given that there was no sale? If so, would sale price and selling expense be zero? What would I put for partnership basis? We expensed all of our purchases at the time of purchase, didn't maintain an inventory, so I left our K-1 capital account analysis blank and our Schedule D blank (perhaps that was incorrect?) when I filed our 1065. We did have some income from liquidating our property last year, so we have some ordinary gains. Thanks in advance for any guidance!
