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Shareholder buyout 1099DIV box 9

Anthony C
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.

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
Level 15


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...This message was typed from 6 feet away so you can safely read it immediately.

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