IS18
Returning Member

LLC Units Buyback prior to dissolution - company form & filing needs and how members file

We are closing our company, which is a Multiple Member LLC.   Prior to closing we wish to buy back units from unitholders.  

Do I need to generate, issue, and government file 1099-Bs somehow for the buyback, and if so how do I do this?

Or is this something that is taken care of entirely within the regular K-1s?