Investors & landlords

To clarify, did you receive any distributions from the dissolved partnership and did these distributions result in a capital gains this year?  if so, then you report that capital gains for this if your distributions exceeded either your stock basis or loan basis for this year. All of this should be reported in the k-1 you received this year.

For future loan payments received, these loan payments may result in a capital gain situation in the year received if your loan basis is less than the loan payment for the year. That will be reported on your next two years of k-1 activity.

To summarize, you will not say the partnership is partly disposed but regard the partnership as an ongoing concern until to receive your final K-1. 

As an FYI, if you do have a capital gains activity to report this year that is indicated on your k-1, you will answer the question that appears in the screenshot I have included below. You will also do this for each loan payment that is distributed to you to determine if you have a capital gains or loss in the next two years.

Next two screens is where you enter details on the capital gain or loss.  Then answer the questions that follow. Please, reach out to me at @DaveF1006 if you have additional questions.