S Corporations Part 4: Ordinary Losses on Stock Sales, Exit Strategies, and K-1 Conformity
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
We’ll cover when clients can get ordinary losses on sales or worthless of S corp stock. We’ll discuss exit strategies for S corporation owners. We’ll take a deep dive into “land banks” – using S corporations to maximize capital gains on the sale of land that will later be developed.
Publication Date: June 2023
Designed For
null
Topics Covered
- Exit strategies for S corp shareholders
- Taking ordinary losses on the disposition of S corp stock
- Perils of distributing appreciated assets from an S corporation
Learning Objectives
- Identify the requirements to take ordinary losses on the sale of S corporation stock
- Recognize how to apply a wide variety of exit strategies for S corporation shareholders
- Identify the K-1 "conformity" requirements that apply to shareholders
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
