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Old 03-01-2016, 04:38 PM
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Question Assets in an S Corp once dissolved

How do you handle depreciable assets in an S Corp once the corporation is dissolved?

1) first scenario - assets with a book value were sold for less than book value, resulting in a loss. How is this reported?

2) second scenario - remaining assets were not sold and had book value remaining. How is this handled for tax reporting purposes?



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