How do i transfer ownership in an s corp? Owner at beginning of year owned 100% and in February he transferred 60% to his wife and and 20% each to his two sons
How do i transfer ownership in an s corp? Owner at beginning of year owned 100% and in February he transferred 60% to his wife and and 20% each to his two sons
Click on the "where do I enter button" and enter ownership allocation. You may also need to prepare a couple of gift tax returns.
Slava Ukraini!
0
Cheers
You are leaving ProConnect.
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
