Yes- no stock was sold. It was a franchise and an asset sale but the actual corporation wasn’t sold. We agreed and I filled out the Form 8594 in my 1120S. Thank...
I have a question in regards to a situation that very similar to this. I sold my S corporation with a bunch of different classes such as asset sale, goodwill, i...
Also, my k1 box 17 clearly starts to refer to my Section 179 report so this isn’t a stock sale so I would skip that part & simply entered info found on my k1. C...
Thank you for your help! This is what shows on my Personal Home & Business Taxes when I go to enter my K1. I select that my business has been sold (comple...
In my S Corp, we put $19,000 of employee deferral and had health insurance so my amounts won’t match box 3 and box 5. Do I need to include a statement to irs ex...
