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June 6, 2019
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How should I answer how my "describe s corporation disposal"

  • June 6, 2019
  • 1 reply
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I  don't understand the options that are given ("I sold it outright," or "I disposed of it, by not selling it," or "none of the above."

My S Corp dissolved in one state and formed a new entity in a new state. I didn't make money off of selling it to someone else. My new S Corp bought it from my old S Corp for a $1.

How should I answer?
Best answer by ToddL

Answer "Disposed of it, by not selling it". See the attached screen shot.

This response lets the program know the "disposition" was not taxable.

1 reply

ToddLAnswer
Employee
June 6, 2019

Answer "Disposed of it, by not selling it". See the attached screen shot.

This response lets the program know the "disposition" was not taxable.