abctax55
Level 15
12-07-2019
10:52 AM
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I*give* up...
S-Corps don't HAVE suspended losses (hardly EVER): the shareholders do.
It seems impossibly for you to grasp this concept.
And if someone is foolish enough to buy the STOCK of a Corp that appears to have as many issues as this one does...I'd take the money and run. Fast. Damn the tax consequences of the *gain* you keep discussing.
S-Corps don't HAVE suspended losses (hardly EVER): the shareholders do.
It seems impossibly for you to grasp this concept.
And if someone is foolish enough to buy the STOCK of a Corp that appears to have as many issues as this one does...I'd take the money and run. Fast. Damn the tax consequences of the *gain* you keep discussing.
"*******Tax software is no substitute for a professional tax preparer*******
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