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- Re: On a corporate dissolution of an S-corp, how do I show the final balance sheet as zero without reporting a capital gain/loss on the K-1 or income statement?
On a corporate dissolution of an S-corp, how do I show the final balance sheet as zero without reporting a capital gain/loss on the K-1 or income statement?
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LauraMac1
Level 2
01-25-2023
07:16 PM
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I read the final liquidating distribution needs to be reported on a 1099-DIV and not on a K-1, but unsure how to calculate this and report the final balance sheet as zero without picking up corporate gain/loss on the 1120S.
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mmdevost
Level 2
02-04-2023
01:04 PM
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I have the same question. Did you figure this out?
