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Business & farm
An S-Corp ***CAN*** have only one owner. So the fact you bought out all the other members and are the only remaining owner of the business does not change the fact that you will file an 1120-S. All members you bought out will be issued a "final" K-1 for them to show they disposed or sold of their share and interest in the business, to you.
‎December 27, 2019
7:04 PM