Business & farm

Ok, few more relevant details. 

 

-Total revenue (non Cap gain) was 250k minus expenses of 91k (included interest on the loan). 

-Cap gain was from selling shares in the partnership, not the S corp. We own 1.4 percent of the partnership and sold a small portion to a new partner who was buying in. So total proceeds were 25.5k (3.5 of which was CG). 

-Capital stock was 25 dollars because that is what we put in initially to open the bank account.  I know its weird, but that's all we put in.