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dissolved S corp-dispose

I dissolved my S.corp in 2019 upon my moving to other state. I had computers for company assets that have been fully depreciated under section 179, but also have been depreciated over years on the financial statements. So there was some values on financial statements. Now I am still using the computers for my new S.corp. My CPA said this is not taxable sales, so no need to file F 8594 and F 4797. I get it, but is there anything else I need to file on personal tax return? There was only one question on Turbo tax how I disposed S.corp, which I answered "disposed by not selling".  Turbo tax will take care of it without further questions?

 

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1 Reply
DianeC958
Expert Alumni

dissolved S corp-dispose

No there is nothing further you need to report for the assets from your S-Corp on your personal return.

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