How do I tell TurboTax Business I dissolved my S-corp via IRS form 966?

[dennistoth74]

For a final 1120S submission I'm asked by TT Busiiness how I "disposed" of my s-corp? But none of the choices offered relate to the form 966 I sent the IRS indicating I "dissolved" the s-corp.

[PatriciaV · Accepted solution]

In general when you file the final tax return for your S-Corp, you simply indicate that this is the final year (see screenshot below - click to enlarge). In addition, your balance sheet must be zeroed out. 

Remember that the shareholders report the "dissolution" on their personal tax returns. The final tax return is all that is needed for the S-Corp itself.