Thanks. This was very helpful.
I also clicked on the link you provided for Turbotax tax tip: closing a business. This referenced a Form 8594: Asset Acquisition Statement under Section 1060. This form is not available in Turbotax Home and Business. The same information seems to appear on form 4797, which is included. Is that sufficient to only include the information on form 4797? If Form 8594 is required, I am not sure how I would do that since I file electronically with Turbotax.
