Need some additional facts to understand exactly what we have here:
- What type of entity is making the liquidating distribution?
- Not sure I understand "inherited C corp stock redemption"
- who inherited it?
- the entity?
- need more details
- When did the liquidating distribution take place?
- The facts indicate "two checks", yet the facts seem to indicate that C corp stock was distributed along with some cash. Need clarification on this.
*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.
