Hi from Just Answer. The final distribution was a buyout of your partnership interest, reported on the 8308.
The payout should be reported as a capital transaction, with your sale proceeds compared to your basis, and the difference reported as gain or loss.
Since you were paid the amount of your final basis, it sounds like you report the transaction as a sale with no gain or loss.
If you need additional information, please ask. Thanks from Just Answer.
Thanks for the reply. Would the capital transaction go on Schedule D like any other asset sale?