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Level 1
posted Apr 13, 2022 6:50:16 PM

Georgia Final Return Explanation

I'm working through the e-file steps and Turbotax for Business says 'Since you are filing a final return, you are required to attach an explanation statement when you e-file'.  I can't find anywhere that says what this 'statement' is.  Is it just a few sentences on why I'm dissolving the company?  Seems kind of dumb to me.

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1 Replies
Expert Alumni
Apr 13, 2022 7:30:16 PM

You just need to make a short statement like "Assets liquidated and business closed".  Just give short explanation.