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Old 10-05-2010, 05:46 PM
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Dissolving a C Corporation

What happens to liabilities of a C Corporation when the company is disolved and has no remaining assets? How are the written off? Are they considered a gain?
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Old 10-06-2010, 01:11 PM
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Generally, speaking losses from the dissolution of a C corporation are subject to capital loss limitations of $3,000 per year. But, there are exceptions to this rule. Please refer to the following links below.

Is there a way to deduct all my losses occurred on my C Corporations once it has been dissolved?

What are the requirements for shareholders to be eligible for Section 1244 Stock treatment?

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