New Business For Sale Help With Filing Form 1065-where Do I Report The Sale Of The Business?

Help with filing form 1065-where do I report the sale of the business? - new business for sale

I began a partnership with my wife's parents. This is our first round and last resort. It is an LLC. We had a loss and sold the company. I want the income we received from the sale of the company as income on line 1 or if we notify?