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

[EatingTreeBark]

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?

[sjrcpa]

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.

[itonewbie]

---

@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.

[qbteachmt]

@itonewbie 

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.

[itonewbie]

Thank you, @qbteachmt!

Would never have known that there is an itonewbie-duplicate!

[qbteachmt]

"Would never have known that there is an itonewbie-duplicate!"

You are twice as good as the rest, apparently...