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I owned shares in a public K-1 partnership. It was absorbed into another K-1 partnership and I received shares of the absorbing company. Is this a "complete disposal"?
My K-1 for this publicly traded partnership (PTP) show that the partnership as "ending 12/17/2018." The company that acquired the company I had originally bought into simply exchanged my existing shares of the old company for shares in the new company. Turbo Tax is asking me to "choose how you disposed of the partnership." My options are:
No entry.
Complete disposition.
Disposition was not via a sale
Sold and am receiving payments
I'm uncertain which applies in my situation. The companies in question here are Spectra Energy Partners, which was absorbed into Enbridge.
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‎June 6, 2019
1:25 AM