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- Restaurant Revitilization Funds Taxable as 1099-DIV when Distributed Out of C-Corp?
Restaurant Revitilization Funds Taxable as 1099-DIV when Distributed Out of C-Corp?
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jeffreyeng
Level 4
10-25-2023
01:45 PM
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Hi all,
I have a client (taxed as a corporation) who recieved the Restaurant Revitilization Fund previously, which increased the corporation's retained earnings. If the corporation is dissolving and needs to distribute all its retained earnings to the owner, does the amount from the Restaurant Revitilization Fund go on the owner's 1099-DIV for the year the corporation dissolves?
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