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Business & farm
You need to reflect the liquidating distributions on form 1065 Schedule K and K-1 with the appropriate code(s).
If this is Gal Gadot you should have a tax professional prepare your returns !!!!
Need some Wednesday humor.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 10, 2021
6:44 AM