I'm closing an S Corp in dissolution on a short year for 2020. There is only a single asset that which was a franchise fee that has been amortized over 10 years. It never used section 199A so there is no recapture necessary. The single shareholder is dissolving the business, not selling it so would I use form 4562 and show zero income received?
Solved! Go to Solution.
This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion