I redeemed 100% of my interest in a partnership which was paid to me via a distribution. I also received a final K-1. The partnership didn't actually sell the underlying assets and I assume it just affected the remaining partners share percentage. I'm trying to properly record the disposition in TurboTax. The choices in TT are No entry Complete disposition Disposition was not via a sale Sold and am receiving payments. I tried "Disposition was not via a sale", but then TT doesn't ask for my basis and doesn't check the boxes on Schedule E (Part II)(28)(e) for basis computation even though the instructions on the form state "Note: If you report a loss, receive a distribution, dispose of stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis computation.". The distribution amount I received is on the final K-1 in box 19 with code A and I recorded that in TurboTax. Any thoughts on the correct way to characterize a disposition via 100% redemption in TurboTax?
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