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How to reflect zeroed capital accounts in final return for LLC after making a final distribution?
Hello --
I've made a final distribution to LLC members and I'm filing a final return for the LLC. How do I reflect zeroed out capital accounts on their K1s , the federal tax form 1065 and Indiana State tax forms? The LLC has been dissolved a few days a go.
Thanks in advance for any help!
‎December 16, 2020
9:52 AM