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Carl
Level 15

Dissolved sole proprietorship to form s corp - how to transfer over deductions

yep.

Dissolved sole proprietorship to form s corp - how to transfer over deductions

Hey great info here, I have a similar situation. However, this year I'm not using Ttax. What would be the actual IRS form used for closing a single member llc? Where do you actually list it as "sold or otherwise disposed of"?

 

I don't see those options on the 1040 Schedule C...

 

I appreciate your help... thanks!

 

@Carl @creexl 

Dissolved sole proprietorship to form s corp - how to transfer over deductions

I did not find your post, and I have the same question.  🙂

Dissolved sole proprietorship to form s corp - how to transfer over deductions

When you complete the Sch C interview section ... in the first section for the Business info ... you can indicate the business closed.  sch c.png

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