devon-vereen42-
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Thanks so much! We are not reporting a gain or loss and we are not issuing any money or a dividend to shareholders. We sold for the tax value. We swapped land f...
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Unfortunately not, however I do have turbotax Premier. The 1120-S Form I'm using is a printout from the IRS website.
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Okay and thanks.
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Okay and thanks!
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No gain. Same value as before the sale.
Activity Feed for devon-vereen42-g
- Posted Re: Land Sale S-Corp on Get your taxes done using TurboTax. February 7, 2023 4:45 PM
- Posted Re: Land Sale S-Corp on Get your taxes done using TurboTax. February 6, 2023 5:20 PM
- Posted Land Sale S-Corp on Get your taxes done using TurboTax. February 6, 2023 4:40 PM
- Posted Re: My Family has an S-Corp with 30 acres of land worth $300,000 and sold 1.5 acres for $15,000. No cash is being distributed to shareholders. Is any tax due on the sale? on Get your taxes done using TurboTax. January 29, 2023 9:51 AM
- Got Cheered for Re: My Family has an S-Corp with 30 acres of land worth $300,000 and sold 1.5 acres for $15,000. No cash is being distributed to shareholders. Is any tax due on the sale?. January 29, 2023 9:50 AM
- Posted Re: My Family has an S-Corp with 30 acres of land worth $300,000 and sold 1.5 acres for $15,000. No cash is being distributed to shareholders. Is any tax due on the sale? on Get your taxes done using TurboTax. January 29, 2023 9:45 AM
- Posted Re: My Family has an S-Corp with 30 acres of land worth $300,000 and sold 1.5 acres for $15,000. No cash is being distributed to shareholders. Is any tax due on the sale? on Get your taxes done using TurboTax. January 29, 2023 7:06 AM
- Posted My Family has an S-Corp with 30 acres of land worth $300,000 and sold 1.5 acres for $15,000. No cash is being distributed to shareholders. Is any tax due on the sale? on Get your taxes done using TurboTax. January 29, 2023 5:50 AM