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R
robyn
Level 1
April 26, 2021
Question

Where do I report the sale of a small corp on the 1120 tax return?

  • April 26, 2021
  • 2 replies
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2 replies

IRonMaN
IRonMaN
Level 15
April 26, 2021

Depends on what was sold.

Slava Ukraini!
    George4Tacks
    George4Tacks
    Level 15
    April 26, 2021

    You don't sell a small corp. Either you sell the stock in the corporation, or maybe the corporation sells it's assets. Both would be reported in Dispositions.

     

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