sjrcpa
Level 15
12-07-2019
08:41 AM
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Assuming "an LLC, that elected to be filed as a corp, applies to be taxed as a disregarded entity? " is even possible this is a liquidation of the C Corp. All assets of the corp are deemed sold at FMV. C Corp reports the gain on the 1120.
The more I know the more I don’t know.