Rob-inTX
Level 2
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George4Tacks
Level 15
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Greetings New User - ,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support of the not so professional .

Have a wonderful day!

 


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Rob-inTX
Level 2
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Howdy, George4Tacks!

Actually I'm a semi-retired CPA who has never had an S-Corp liquidation scenario in my private practice and just unfamiliar with all the nuances of the asset liquidation and subsequent stock sale. I've had difficulty finding definitive answers in my google searches and would greatly appreciate professional assistance. So thank you for responding!

Have a blessed evening!

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George4Tacks
Level 15
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I am a semi-retired EA.  This may answer your question. https://www.fortenberrylaw.com/distributions-s-corporations/

 


ex-AllStar
Rob-inTX
Level 2
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Yes, that was very helpful! Thank you very much for your time and response!

Have a great evening!