Level 1

Does the term "liquidation" in reference to form 1099-DIV apply to LLCs with no shares?

Just curious as to what the specific IRS definition of "liquidation" describes.

Is it any event where $600 or more is taken from a legal entity or is it specifically in regards to liquidation of shares?

This topic has been closed for replies.

Level 15

If an LLC has elected to be taxed as a corporation, it is a corporation for US income tax purposes. All corporate income tax provisions apply.

The more I know the more I don’t know.

Level 15

This post has been deleted.

@Gonetech wrote:

Just curious as to what the specific IRS definition of "liquidation" describes.

Removed Link

Don't click on this. It's a click bait.

---------------------------------------------------------------------------------Still an AllStar

Level 15

You should edit your reply to remove the link in your quote of caution.

Also, did you know that when I started this reply using the at sign, your name exists twice, and one is "@itonewbie-duplicate"?

I'm going to flag this post to get the attention of Intuit. Perhaps they can fix both issues for you.

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