eckhoops
New Member

K1/S-Corp

I was part of an S corp that ended in 2017. I have my K1 Form. While using Turbo Tax to do my taxes, I'm asked to choose how I disposed of this S Corp. I did not manage the day to day oversight. I just had a shareholder's percentage of stock ownership. The S-corp was just ended. Everyone was paid out their final percentage. I'm not sure how to accurately answer this question. I'm guessing the option "I sold it outright (complete disposition). However, I'm not sure if this is correct. Any help?