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Business & farm
You should consult with a local tax professional.
See https://taxexperts.naea.org/listing/service/corporations
C corporations do not issue K-1s to their shareholders. C corporation distributions to shareholders are considered to be dividends to the extent they come from current or accumulated earnings and profits.
You really do need in-person, professional guidance from a local professional.
March 26, 2022
3:20 PM