To report the loss on the dissolution of your investment, be sure to report this change in status when you enter Schedule K-1.
- On the page "Describe the Partnership," check the box for "This partnership ended in 2021."
- In most cases, you would choose "Disposition was not via a sale."
- Enter the purchase date and date of dissolution as the sale date.
- Follow the interview to the end to enter the K-1 information, including any loss carryovers.
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