If you've sold all (or some) of your shares of your S corporation, you'll start by entering this in the same K-1 income screens you enter for this business yearly. During the questions about your S c...
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If you've sold all (or some) of your shares of your S corporation, you'll start by entering this in the same K-1 income screens you enter for this business yearly. During the questions about your S corp K-1, the software will ask this question (see below) answer yes and select Continue:
(This means your share in the S corp ended, not necessarily the entire business itself, fyi.)
On the following screen, answer "[x] I sold it outright (complete disposition)" if you sold all your S corp shares:
Select Continue, and answer all questions RE: proceeds, expenses, original purchase date, and basis, of your S corp stock sale. At the end, you should be prompted to attach Form 7203, which is required if disposing S corp stock.
If you have a partial sale of S corp stock, follow the above steps, but answer "[x] I sold it and am receiving payments" to enter details for a partial disposition: