Sale of a C Corporation

[Doris711]

Sale of a C Corp May 2023.  All shares sold to new owner.  Name of company and EIN transferred to new owners.  Can both file a tax return for same year(2023 tax filing year) with the same company name and EIN?  If so how?  If not, what needs to be done? Thank you for your assistance.

[rbynaker]

 The corporation files its own tax return for the entire year.

[George4Tacks · Accepted solution]

Old Shareholder reports the sale on their 1040, Schedule D. Possibly. 1202 stock.

[sjrcpa]

"Name of company and EIN transferred to new owners. "

No they didn't. They are the corporation's. Only the stock in the corporation changed hands.

[Doris711]

THANK YOU!