Yes- no stock was sold. It was a franchise and an asset sale but the actual corporation wasn’t sold. We agreed and I filled out the Form 8594 in my 1120S. Thank you for reconfirming exactly what I was thinking. Along the lines of the asset sale- it was reported on my k1 and section 17 referred me to my 179 disposition report. In that respect, I would just split all info 50/50 because my Hsiang and I owned the company 50/50? Thank you SO very much!
