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Closed S-Corporation. Confused Where To Enter Capital Loss on Stock
Hello All!
In 2009, I opened an S-Corporation with 1,000.00 contribution from my personal money. On December 31, 2022, I closed the company. I filed the proper IRS forms: 966, 941, 940, 1120-S with "Final" checked, K-1 with "Final" checked. The company owns no assets that are not fully depreciated.
But, I forgot all about the one share of stock the company issued to me. I've accurately tracked cost basis and find the final basis, form my figures, is 84,0333.00. On our personal returns for 2022, the Form 7203 shows 77,843.00 for the basis limitation.
Since I forgot about the stock, I did not issue myself a1099-B.
In Turbo Tax, would I handle the loss on the stock as I do for any other stock sale? Do I issue a 1099-B to myself in 2023, even though the company closed at the end of 2022?
Thanks for helping me figure out how to handle this in Turbo Tax. I appreciate it.
Paul