CA S Corps pay tax. 1.5% I think - CA preparers correct m...
Client is an S-Corp that owns a mobile home park in CA. Sold park and dissolved the corp. CA Return shows gain on the sale of the assets and taxes the corp. Why?
More details: The K-1s are also showing the gain on sale of the assets as taxable to the shareholders. I'm just confused on why the 100S is showing a taxable gain to the corporation for the sale as well as the shareholders.
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