A few additional facts would be good:
- You indicate that you dissolved the S corporation. Did you sell any of the assets, either tangible or intangible to a third party?
- Did you distribute any assets to shareholder's?
- What was the liquidating distribution; only cash, assets, etc.
- Have you maintained a basis schedule of your basis in the S corporation?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
