C corp liquidating distribution dating must haves


28-Sep-2017 15:07

The gain goes (eventually) into net worth, and that is where the distribution, at FMV, goes.By the way, my area is taxes, not accounting, so I'm ready to be shown the error of my ways.Some labeled it "loss on liquidation" (on the idea that the corp "sold" land for which they never received anything...hence a loss), others think that essentially the corp is getting back the stock from the shareholder in exchange for the land and therefore think, stock "buy back"...treasury stock.

The SH had stock basis (stepped up at time of husbands death) of close to ,000,000. She will get a dividend of somewhere north of

The SH had stock basis (stepped up at time of husbands death) of close to $3,000,000. She will get a dividend of somewhere north of $1,500,000. This same post would have drawn lots of interest in the Tax Questions forum.

I thought it sounded more like an argument over semantics. The stockholder gets charged the FMV the same as if it was sold.

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The SH had stock basis (stepped up at time of husbands death) of close to $3,000,000. She will get a dividend of somewhere north of $1,500,000. This same post would have drawn lots of interest in the Tax Questions forum.I thought it sounded more like an argument over semantics. The stockholder gets charged the FMV the same as if it was sold.

,500,000. This same post would have drawn lots of interest in the Tax Questions forum.

I thought it sounded more like an argument over semantics. The stockholder gets charged the FMV the same as if it was sold.