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Level 3
February 16, 2020

Shareholder buyout 1099DIV box 9

  • February 16, 2020
  • 2 replies
  • 16 views

The S Corp is buying out the 50% owner.

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

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2 replies

IRonMaN
Level 15
February 17, 2020

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

Slava Ukraini!
abctax55
Level 15
February 17, 2020

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?

HumanKind... Be Both