The other shareholder's shares were purchased in 2019. The S-Corp closed 12-31-2020. The S-Corp did not do any business after 12-31-2020. I was the sole shareholder in the final year 2020.
The S-Corp was dissolved. The tax return, 1120-S, 2020 was filed. The 966 was filed. The state was notified. I started my own Sole Proprietorship on 1-1-2021 doing something similar to what the S-Corp was doing but not the same under a new name.
Just don't know what to do with this accumulated depreciation on improvements? Do I "pass it through" keep going with the depreciation, do I calculate a gain and stop depreciating it, or list it at FMV and a new depreciation life.
