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V
VASSART
March 20, 2025
Question

When liquidating my SCorp with 0 gain/loss, on form 7203 do I include liquidating distributions thus showing the basis of 0 end of year,?

  • March 20, 2025
  • 1 reply
  • 0 views
- My liquidating distributions exactly matched my initial paid in capital (net 0). - I filed a 1099-DIV with line 9 populated - I also included the total distributions on the K-1.

1 reply

D
DavidD66
March 20, 2025

Yes, you should include your liquidating distribution on Form 7203.  

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V
VASSARTAuthor
March 20, 2025

So in that case, my final basis goes to 0 on 7203 form ?

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