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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!

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

Yes, that was very helpful! Thank you very much for your time and response!

Have a great evening!