sjrcpa
Level 15

Based on that, you don't dispose of the assets. This is a stock sale. 

Is the buyer a corporation? If so, the S election terminates on the day of sale and you prepare a short year 1120S. End of story.

Or, is this a stock sale treated as an asset sale  - 338(h)(10) election?


The more I know the more I don’t know.

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