Thanks so much for all the detail Carl! I have a few questions on what you said...
When closing the Sch C business, the instructions you gave are for Turbo Tax Self Employed, correct?? Or, in what version would those features be found?
Then, since I converted to S-Corp effective on Jan 1 2019, technically the last day of business on my Single Member LLC was Dec 31, 2018. So would that mean all that I would start a new tax return for 2019 and just list the assets disposed of as of Dec 31, 2018??
And for the 1120S (S-corp return and K-1), I would need Turbo Tax Business, correct?,
And lastly, when all is said and done and I have the K-1, I'll go back to whatever version on TT personal software and file my personal returns, correct? Of course, waiting to e-file both the business and personal returns and do them at the same time, correct?
@Carl
