Did you sell your interest or did the entity dissolve? TurboTax will ask you to "Describe This Partnership." Check the box for "This partnership ended in 20XX." This answer refers to your participation in the partnership and not the partnership itself.
On the next pages, indicate how you disposed of your interest (why is this the final K-1?) and details for a sale and/or disposal of your interest. If you didn't sell your interest, then you may have a capital loss on the disposal of your investment.
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