Business & farm

Hi Rick,

 

Thank you for your response.  I really appreciate your answer to these questions.  I forgot to mention that this is an LLC taxed as an S-Corp.  Does that change things?  I'm not sure how to report the 1099-DIV, Box 9 liquidating distribution on my 1040 because it was not a stock sale (since an LLC cannot issue stock).  Do I still use Form 8949 and call it something like XYX LLC Liquidation?