@Rick19744 wrote:
- If assets are distributed out in the liquidating distribution, then in TT you will need to reflect the distribution with no gain or loss at the LLC level. I am not in a Windows environment so can't speak to how this gets handled within the software. I believe @Anonymous_ can provide some assistance in this area.
Frankly, I can only state that this scenario, in particular, would almost certainly require the use of Forms Mode.
Programmatically, Step-by-Step in TurboTax Business is not very well equipped to handle certain scenarios.
