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Visitor III

K-1 and Dissolution of the Corporation and Unrecaptured Section 1250 Gain

In going through Turbo Tax step-by-step, I'm entering my K-1.  It's asking me (as the corp dissolved this past year AND I show box 8c & 9 of my K-1),  "choose how I disposed of the corp"  with my two options of "I disposed of it without selling it" or "none of the above".  When I click on "....without selling it", those options don't seem to apply (gifted, transferred, sold).

I am 50% shareholder.  The corp dissolved and almost all monies were divided out to the shareholders. Which do I choose?  (Does it matter?)

Thanks.  (Part 2 of the question in a next post.)