Rick, yes, I understand the facts are different. I was asking to know the difference in the way the conversion to personal use is handled as an individual verses an S corp for future reference.
In my current case, I'm working on my 1120-S 2021 return, and would like it to be its final return. I haven't ever closed an S-corp so I'm not familiar with the rules. I can't find anything in the IRS instructions regarding that or liquidation distributions, can you send me a link or something. Thanks
