Since TT Business is a Windows only product, I don't have access to that program.
However, what happens when you choose "disposed of some other means"?
You want to make sure you calculate the depreciation correctly.
I agree with @M-MTax that the liquidating disposition is reported on the Sch K and K-1's.
The property needs to be distributed in proportion to the member's LLC interest or this will cause issues.
Additionally, the property in the hands of the members will take a "substituted" basis. This means the members need to know their tax basis in the LLC. This is important, as this is what allows for the liquidating distribution to be nontaxable.
Another factor in this liquidating distribution is what else was distributed out. This will impact the "substituted basis" computation.
Lastly, depending on the "substituted basis", this will determine how the property continues to be depreciated.
This could be tricky, as there are specific rules that address this, so you may want to consult with a tax professional.
*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.
