Comments on your question:
- disposition not by sale is fine.
- Purchase date would be when you invested in the LLC
- Sale date would be the date the LLC terminated
- There will be additional questions as well and you should have those answers as well
- Proceeds will be your liquidating distribution
- Basis - you should have this as well as all partners are are required to maintain their own basis
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
