yes the CPA probably did it right since the foreclosure is treated as a sale.
whether you have an additional loss or gain on termination is unknown. it all depends on your basis vs the net of all losses and income items through all the years also reduce by any distributions.
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https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf#page=7
or if schedule L of the K-1 was completed your starting tax basis (line 1) for the year is the beginning capital account + your allocated share of debt at the end of last year from item K1 on the 2024 K-1 - beginning column.
