- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
This is essentially a liquidating distribution to the shareholders.
There is not tax impact at the corporate level.
The liquidating distributions are reported on a form 1099-DIV.
Any gain or loss will be reported at the shareholder level on their personal return.
*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.
Also keep in mind the date of replies, as tax law changes.
March 12, 2022
12:15 PM