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Level 2
January 6, 2020
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100 % S Corp owner sells all shares is form 8594 required ?

  • January 6, 2020
  • 1 reply
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Does an S Corp owner who owns  100% share and sells all in  2019 have to file form 8594 with his short year return ?  

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Best answer by sjrcpa

No. That form is only used for asset sales, or stock sales treated as asset sales. Unless the stock sale terminates the S election there is no short year return.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
January 6, 2020

No. That form is only used for asset sales, or stock sales treated as asset sales. Unless the stock sale terminates the S election there is no short year return.

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