Hi,
I am a solo self employed contractor and my business is registered as S-Corp. I have a corporate brokerage account that pays dividends for the cash account, however those dividends get reported to me on a 1099 Information only form (not on a 1099-DIV since this is an S Corp account). My question is do I need to report the dividends on my 1120S return? What are the tax implications if I close the business in future and take the entire balance from that account as distributions? Thanks
