joanmcq Posted April 7, 2015 Report 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
kcjenkins Posted April 8, 2015 Report Posted April 8, 2015 Property distribution at lower of book value or FMV at the time of distribution. Quote
joanmcq Posted April 8, 2015 Author Report Posted April 8, 2015 Just mark everything 'so not compute gain or loss'? Quote
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