Thank You AliciaP1 for taking time to reply. You are a very good teacher.
Since the business physically had no money, no inventory and no equipment when it closed, I don't know how much money to put on the 1099-DIV since there is nothing to distribute. The only thing I can think of is the 1,000.00 that is Capital Stock on 1120-S Schedule L Line 20. Or, am I distributing the Retained Earnings of 84,033.00?
What do you think?
Thank You Again,
Paul
