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Business & farm
For the company that you are dissolving you need to enter all the sales at current asset value - no gain and no loss. Mark the return as final.
Then you need to create new assets in the company that you are keeping. These assets should have the exact same value and depreciation life that they had in the dissolved company. Then you enter all of the sales and expenses for the year into the new company.
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March 29, 2022
4:46 PM