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I dissolved an LLC in CA in 2024, do I need to purchase the business package or can I file under personal taxes for federal and state?

 
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PatriciaV
Expert Alumni

I dissolved an LLC in CA in 2024, do I need to purchase the business package or can I file under personal taxes for federal and state?

It depends. If this was a Single-Member LLC and you previously reported the activity on Schedule C of your personal tax return, you would report a final Schedule C in the year the LLC dissolved.

 

If your LLC has more than one member or has elected to be treated as a corporation, you need to file a final business return (Form 1065 or Form 1120S) and report this is the final year. These forms are prepared using TurboTax Business.

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