Business & farm

A few follow-up comments:

  • Based on a Feb year end, your tax return will be due May 15th.
  • As noted previously, the final return will be due the 15th day of the third month after the liquidating distribution.
  • One of your other comments indicate that "TT was going to issue a K-1...".  A C corporation does not issue K-1's.  So based on this comment is the entity a C corporation or an S corporation?  This will impact any responses.
  • It would be extremely rare for an S corporation to have a Feb year end, so I'm not sure where you are getting the K-1 comment from TT.  This would tell me you provided incorrect information to TT at some point.
*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.