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Investors & landlords
You mentioned that the sale will be at corporation level and reported on K1, is it a distribution I have to report on 1040 as ordinary income? This will increase my Stock and Debt basis, right? Upon liquidating the s-corp, since the stock has no value, then I report loss on the stock on Schedule D on 1040. Do I on the right track?
‎June 12, 2022
6:48 PM