Tax Year 2016: I closed my s corp in 2016 and am reporting a final k-1 on this return. I did not sell shares. Should I choose "disposition other than sale?"
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Tax Year 2016: I closed my s corp in 2016 and am reporting a final k-1 on this return. I did not sell shares. Should I choose "disposition other than sale?"
I did sell the client list and my k-1 reflects that gain. I did not sell or transfer shares. Under Part II Disposition of S Corporation Shares is where I am hung up. Thanks.
Tax Year 2016: I closed my s corp in 2016 and am reporting a final k-1 on this return. I did not sell shares. Should I choose "disposition other than sale?"
Yes, you would choose Disposition Other Than Sale.