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Shareholder buyout 1099DIV box 9

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Level 1

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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2 Replies 2
Level 15

You don’t buy out a shareholder by way of dividends so I’m not really crystal clear what you are asking.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 15

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?

Former Chump... umm.... AllStar.
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