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Get your taxes done using TurboTax
You might want to seek guidance from a tax professional for this scenario.
Regardless, it is somewhat unclear whether the S corporation, itself, sold the property or whether the property was distributed to you, at some point, and you sold the property (and then, thereafter apparently, the corporation was dissolved).
I will page @Rick19744 for further input as to the basis, valuation, et al.
‎June 17, 2022
7:09 AM