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Sale of S corp shares

Gwoz — Tue, 10 Mar 2026 06:43:31 GMT

I live in one state and have sold shares of an S Corp operating in another state. In which state is the gain on the sale recorded?

Re: Sale of S corp shares

Mike9241 — Tue, 22 Nov 2022 05:09:30 GMT

which states?

Re: Sale of S corp shares

Gwoz — Tue, 22 Nov 2022 05:25:55 GMT

Live in California company is in Michigan.

Re: Sale of S corp shares

Mike9241 — Tue, 22 Nov 2022 08:36:15 GMT

if you are selling shares you own it's taxable in CA because it's taxable for federal and Ca is your resident state. someone familiar with Mi law would have to answer that part and they may need more info,

Re: Sale of S corp shares

Gwoz — Tue, 22 Nov 2022 16:45:20 GMT

Thanks!