Business & farm
No. You will still report the liquidating distribution on K-1, line 16, with a code of D. What Rick19744 is referring to is that you would need to provide each shareholder a 1099-DIV reporting a liquidating distribution so they can report these on their own individual tax returns.
There is a section in your 2023 Business return that will allow you to generate 1099 DIV as well as other forms such as W2's or other 1099 forms. Here is a screenshot on what that screen looks like.
