@DaveF1006
Thank you for answering. I'm a little confused and trying to understand.
My husband bought a series of ETF (exchange traded fund) on the stock market with an
entity called Proshares.
We have Final K-1 checked on the K-1
"Choosing the second option would indicate that the partnership was still in business and you merely choose to divest yourself from your partnership interest."
Proshares itself still exists and is not out of business. On our K-1 Part 1(information about the partnership) there's an employee identification number as well as their name and address.
Are you implying that since we sold our "all our shares" the partnership no longer exists?
If it isn't too much trouble could you explain what kind of case would it would be where we have divested all our interests but the partnership is still intact (exists)?
