Note -- I am on a mac, but there wasn't a product choice for that. I am using TT Premier on a mac. Fully updated as of today. Not sure if this is a bug or if I've missed something, but it looks like Easy Step did not provide a way to properly enter the disposal of ALL partnership interests. Please check what I did and verify, or tell me the right way to do this in easy step. I was able to work around this using Forms, which I describe. Here are the steps that demonstrate what I am asking about: 1) create a new K-1: I.e. update Partnerships, LLCs,then Add Another K-1 2) Continue thru the forms, entering some name, etc. , checking Limited Partner, Domestic Partner, Method used to determine capital account: Tax Basis. Eventually you get to a page that says Describe the Partnership. -- notice that on this page there is no place to check "Disposed of ALL my partnership units". 3) So on this page, I check "This is a publicly Traded partnership" and "Disposed of a portion of my interests in partnership during 2014". then click continue 4) I then get to the Tell Us About Your Sale page where I click "Sold Partnership Interest". 5) on the next pages, enter sale info. purchase date, sale date, basis, sale proceeds, etc. 6) continue and enter the rest of the K-1 data. For this experiment, I kept it simple and only entered box 1 data. 7) Another Describe the Partnership page will appear. Click "all of my investment ... is at risk" Now, go to forms and check the K-1 In the Final/Amended section, you will see that Partner disposed of a portion of interest in 2014. But, not surprisingly, nothing that says you disposed of all of it. My work around is, using Forms, to click the box that says I sold all of my partnership interest and unclick the box that says I sold part of them. I also quickZoom to Part II question 1 and click the box that says compete disposition in a fully taxable transaction. My question is, how do I tell Easy Step that I sold ALL of my partnership interests? This is very important if you have a loss on the sale of the partnership interest because unless you sell them all the loss is limited by passive activity rules.
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