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Level 1
posted Jun 6, 2019 5:48:03 AM

IRS forms required for LLC dissolution single owner

IRS forms required for LLC dissolution

0 2 2092
2 Replies
Level 15
Jun 6, 2019 5:48:05 AM

If you report the LLC on a Sch C then "closing" it is simple   ...just report any assets sold, stop depreciating any you are converting to personal use & click the box on the Sch C that says final. 

https://www.irs.gov/businesses/small-businesses-self-employed/closing-a-business

Alumni
Jun 6, 2019 5:48:06 AM

Your state may require additional steps though.