Shareholder buyout 1099DIV box 9

[Anthony C]

The S Corp is buying out the 50% owner.

Does a 1099-DIV box 9 need to be filed for the exiting shareholder? 

[IRonMaN]

You don’t buy out a shareholder by way of dividends so I’m not really crystal clear what you are asking.

[abctax55]

No.

If the S-Corp is really buying out a shareholder, you likely have treasury stock (assuming the state in question so allows).

OR, is the one 50% shareholder buying out the other one?