Hello.
I purchased my partner's half of our CrossFit gym on November 1. I created a new LLC and I am using TurboTax business to file for 2019.
TurboTax directed that 2019 will be the final tax filing for the partnership LLC and TurboTax indicates that we have to dispose of all assets of the partnership.
Do I show everything as "sold" since I am sole proprietor now?
Does the sale of all assets have to equal the amount I paid my partner?
