2017 ULTRATAX CS

1120-US: Shareholder termination and qualifying dispositions FAQs

The following includes answers to common questions about shareholder termination and qualifying dispositions.

How do I prepare an 1120S return for a shareholder who has terminated his/her interest and the books were closed on the date of termination?

How do I prepare an 1120S return for a shareholder who has a qualifying disposition for his/her interest during the tax year?

Why are Schedule K-1 statements not printing after making a section 1377 or 1368 election?

Which shareholders are listed in the consent to the S Corporations Section 1377(a)(2) election?

Related topic: 1120 frequently asked questions

Share This