Thank you for your reply. I misspoke about the trust. It is a family limited partnership. They technically ended the partnership so they could make a fresh start with the new family members who have inherited ownership. None of the assets were sold/dissolved etc., they are all going to be in the new partnership it will be transparent to us. How do we handle this on turbo tax? Do we say the partnership has ended? It seems like we have to say yes because our K-1 is checked as a final k-1. But then we get into questions about was it sold. Maybe we should answer yes, then say disposition was not via a sale? Our K-1 does not give any information about this.
