Sang123
Returning Member

Business & farm

Hi Champ,

 

Sorry to bother you again.  As you mentioned above that "you will need to file a final form 1065 and all assets in the LLC will be reflected as a liquidating distribution to the members." I've been using TurboTax all my life and is this something thing that I can use Turbotax to do (the final form 1065), to run a test scenario?  OF COURSE, I'll be consulting with the more local tax professionals because I can't afford to make mistakes on things like this. However, I like to know as much as possible before I talk to them so I can understand them better.