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SmokinBob
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  • Thank you for the replies. Hopefully my last question regarding this:The S corp will file short year from 1/1 until sales date. S corp stockholder will show the...
    SmokinBob
    1
    Dec 07, 2020
  • Sounds good. Thanks. If it were a c corp, would any distributions(not payroll) be considered dividends?
    SmokinBob
    1
    Dec 07, 2020
  • Preparing 1120S dataWorking on corporation tax returnPerson A sells all of the 100 shares of ABC Corp to Person B for $150,000Person B pays Person A $50,000The ...
    SmokinBob
    5
    Dec 07, 2020
  • ABC Corp, an S corp with one "owner" has a stock value of $50,000 on 7/1/2020."owner" sells stock for $150,000 on 7/2/2020 receiving $50,000 via check from new ...
    SmokinBob
    9
    Dec 07, 2020
  • How would I make an entry for the following:S Corp stock purchased for $150,000(at date of purchase, stock listed as $50,000 liability)$50,000 paid to selling s...
    SmokinBob
    11
    Dec 07, 2020
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