joanmcq Posted April 7, 2015 Report Share Posted April 7, 2015 Partnership went out of business. It was a retail store, and they sold some of the display cases, but the computers & other equipment were distributed out to them. How do I account for this in ATX & on the return? My brain is mush right now. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 8, 2015 Report Share Posted April 8, 2015 Property distribution at lower of book value or FMV at the time of distribution. Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 8, 2015 Author Report Share Posted April 8, 2015 Just mark everything 'so not compute gain or loss'? Quote Link to comment Share on other sites More sharing options...
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