martye300
New Member

Get your taxes done using TurboTax

I'm trying to do something similar. I am closing an S-Corp. I selected "This S corporation ended in 2023". The next question what me to "Describe S corporation Disposal". It is assuming I am selling or transferring to another party, not ceasing operations. I select "None of the above". After I enter all my data I get a review and this pops up:

2024-02-28 14_29_43-Start.jpg

 

My K-1 box 17 has a "V" in it, not a "K" or "S"

 

2024-02-28 14_25_34-Start.jpg

It still assumes I sold or transferred my corporation and I don't know how to proceed. Any guesses?