I came across this while researching a similar situation. I am finishing my 2023 final Dissolution S Corp return. I am attempting to record my Liquidating Distribution; TurboTax Business instructions say to record the Liquidating Distribution on the K-1, line 16, with a code of D.
In the response by Rick19744 in this posting, he said to report the Distribution on the 1099-DIV, rather than the K-1. But TurboTax Business does not appear to support adding a Form 1099-DIV. I wondered if that is because I am using the 2023 release, which is still not finalized. So I tried it in my 2022 version. It does not allow inserting 1099-DIV in that version, either.
What am I doing wrong, or what am I missing?
Thank you! --SAGOFF
