☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 28, 2023 1:43:08 PM

Final k-1 dispursed cash and closed the business. Do I check disposed of it, but not by selling it?

0 1 224
1 Best answer
Expert Alumni
Feb 28, 2023 1:53:15 PM

Yes, that is the correct entry to make concerning the dissolution of the business. 

1 Replies
Expert Alumni
Feb 28, 2023 1:53:15 PM

Yes, that is the correct entry to make concerning the dissolution of the business.