LTKK301

thank you Eric

The corporation filed a final year returns on 5/15/2019. What's the amount that needs to be issue to shareholder on form 1099 dividend, box 9 liquidation distribution? The 1120 tax return shows a $5,131 liquidation adjustments (cash dist) on M-2. The cash taken out to close the corp bank account was $10,131. The only three item on the balance sheet were Cash 10,131 Common Stock 5,000 Retained Earnings 5,131