- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Did your husband liquidate his interest in the S corporation in the same tax year the shares were inherited?
With respect to inheriting S corporation shares, there can be an issue with inside basis and outside basis (unlike a partnership, the two cannot usually be equalized).
I will page @Rick19744 for further input on the preceding sentence.
March 20, 2023
8:21 AM