In this scenario, if you know that all depreciable assets need to be distributed to a member or members on the last day of the short year (when the partnership became a SMLLC), does anyone know HOW to accomplish the asset disposal in TurboTax Business 2019? Do you just dispose of the assets using the "SOLD" option and report proceeds equal to adjusted basis on the final date? There is no option to dispose of assets by distribution to partners in TurboTax Business, that I can find at least.
Help!
