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Business & farm
Yes as long as you have basis which I assume you have since it has only been one year.
You need to follow the input questions and indicate that the partnership was disposed.
You will then be asked some follow-up questions; proceeds, cost basis, purchase date, sale date.
Once you respond accordingly, TT will handle the rest.
*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.
Also keep in mind the date of replies, as tax law changes.
‎June 1, 2019
11:20 AM