S-corp dissolution & final 1120s I am dissolving an S-corp and have 13037 cash, 12101 capital stock, and 936 retained earnings showing on my 1120s for my final return. Is this ok or do I need to do something to make everything zero. I am thinking that I need to show a distribution of the money on my K-1 but I was unclear as to what happens to everything on the ending balance sheet on the 1120s . |