This automatic data processing credit represents taxes paid on undistributed capital gains by a regulated investment company (RIC) or a real estate investment trust (REIT). As a shareholder of a RIC or REIT, the corporation will receive notice of the amount of tax paid on undistributed capital gains on Form 2439, Notice to Shareholder of […]
S corporations Internal Revenue Service Read More »
A shareholder may be eligible to defer the shareholder’s pro rata share of this gain under section 1045 if the shareholder purchases other QSB stock during the 60-day period that began on the date the QSB stock was sold by the corporation. Report each shareholder’s pro rata share of net section 1231 gain (loss) in
Form 1120-S: U S. Income Tax Return for an S Corporation Read More »
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