Non liquidating distribution s corporation

In this case, are you saying that no 1099-DIV (Box 8) is required?

That is, the liquidating distribution will only be reported on the Sch. Thanks, Ricky People come to Accountants Community for help and answers—we want to let them know that we're here to listen and share our knowledge.

Any distribution in excess of basis for an S that's always been an S is automatically capital gains.' data-inline-edit-type='wysiwyg' data-inline-edit-url='/answers/529988' id='inline_edit_answer_529988_body' Liquidating divs related to E&P go on a 1099-DIV.

For an S that's always been an S, they don't go on a 1099-DIV.

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For information concerning the relationship between statutes and Public Acts, refer to the Guide.Such acknowledgment shall be made before a person who is authorized by the law of the place of execution to take acknowledgments of deeds and who, if he or she has a seal of office, shall affix it to the instrument.persons signing the instrument, in which case such signature or signatures shall constitute the affirmation or acknowledgment of the signatory, under penalties of perjury, that the instrument is his or her act and deed or the act and deed of the corporation, as the case may be, and that the facts stated therein are true.(f) If another Section of this Act specifically prescribes a manner of filing or executing a specified document which differs from the corresponding provisions of this Section, then the provisions of such other Section shall govern.Documents or reports transmitted for filing electronically must include the name of the person making the submission.Hi Phoebe, An S corp is liquidating with cash only.It has no AE&P, only AAA and Additional Paid in Capital (additional basis on stock).

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