Thank you, Thomas. After reconsidering my post, what do you think about choosing option #3, "Disposed of it, but not by selling," rather than falsely stating that it was sold for $1. Option #3 is accurate. Could TurboTax online help be causing my confusing because it doesn’t include simply shutting down the business among the list of reasons to check that option? I searched IRS.gov for any language that restricts the use of option #3 for shutting down a business but did not find any relevant information.
Additional info: I sent a letter of dissolution to the IRS last month asking them to cancel my EIN. As long as they've still got staff opening the mail that should tell them my business is no longer operating.
Again, thank you for your time,
Eric
