Anthony C
Level 1
02-16-2020
04:10 PM
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The S Corp is buying out the 50% owner.
Does a 1099-DIV box 9 need to be filed for the exiting shareholder?
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IRonMaN
Level 15
02-16-2020
09:29 PM
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You don’t buy out a shareholder by way of dividends so I’m not really crystal clear what you are asking.
Slava Ukraini!
abctax55
Level 15
02-16-2020
09:42 PM
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No.
If the S-Corp is really buying out a shareholder, you likely have treasury stock (assuming the state in question so allows).
OR, is the one 50% shareholder buying out the other one?
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