S-Corp dissolved on 12/31/16. $3000 cash and $4000 FMV of office equipment was
distributed (liquidating) to two 50/50 s/h's.
I am reading conflicting articles on how to show these liquidating distributions. Some say to put on
Sch K and K-1 (Line 16D) and others say to not report on 1120S but to show on
1099-Div Box 8 and Box 9. Won't I need
to attach information to the K-1's showing the FMV of each asset
distributed?
