ssathe
New Member

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!