Liquidating distributions corporation


It has no AE&P, only AAA and Additional Paid in Capital (additional basis on stock).In this case, are you saying that no 1099-DIV (Box 8) is required?Liquidating divs related to E& P go on a 1099-DIV.For an S that's always been an S, they don't go on a 1099-DIV.



This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office]. After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain.Whether you report the gain as a long-term or short-term capital gain depends on how long you have held the stock.If the total liquidating distributions you receive are less than the basis of your stock, you may have a capital loss.



Liquidating distributions corporation comments


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