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Final K-1, "Describe Partnership Disposal" question.
I'm not sure how to answer this question properly. This is the final return for our closed business. There were no assets as it was a dropship business. There was a little money in the checking account (less than $100) that we took out of the bank when we closed the business. Other than that, there's nothing to "dispose" of.
So, what's the proper way to answer this?
May 15, 2021
4:19 AM