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Mid-year dissolution of LLC
I dissolved my LLC mid-year and now operate the business as a Schedule C sole proprietorship. I have indicated in TurboTax that this is the final return for the LLC. The program is saying I need to dispose of the LLC assets. Inventory is the only asset but does not show in the Asset list under Disposal. How do I properly indicate that the inventory has been sold, at cost, to myself as an individual?
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‎February 14, 2021
8:55 AM