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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 Tomatoes (I had to get rid of the turtles - they kept running away)
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..oops..AllStar...I used to be a people person, then people ruined it

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