Select NO because you did not dispose of the business in any of those ways. Thanks for the screenshot, as I use the desktop version of Home & Biz, which is "basically" the same as online self-employed.
Since you'll be using TurboTax Business to file a 1065 partnership return, you'll only close the sole proprietorship on your personal tax return.
For now, lets just concentrate on closing the sole proprietorship on the SCH C with your personal tax return. You will NOT be creating any additional SCH C's on your personal tax return. You'll only have one SCH C on your personal tax return that reports the sole proprietorship as closed.
Pay attention to the date you close it. That's because your open date for the partnership will be one day AFTER you close the sole proprietorship.
Again, back to the sole proprietorship, you'll show each asset as "removed for personal use". That means on the "Special Handling Required?" screen, you will select YES.
You will also need to have the prior years AND the current year's depreciation taken on each individual asset. (You'll need that information later when setting up and opening your partnership in TT Business).
Make sure you write down the name of each asset exactly. You'll need to enter it *exactly* in TT Business, when you get to that point.
Also, note that you flat out can NOT file your personal tax return until AFTER you have completed the 1065 partnership return in TT Business.
Whew! Hope I didn't confuse you!
