Pretty much the same as any other stock sale.
Proceeds less Basis = Taxable Gain or Loss.
With an S-Corp, your basis changes based on profits/losses and distributions.
Www.tax-inf.blogspot.com
checkout second link on
I was one of five partners in a closely held S corporation. I recently sold all of my stock to one of my partners.after 20 plus years. How does the IRS view this type of stock sale?
