MN dhawk Posted January 26, 2011 Report Share Posted January 26, 2011 A sub s corp bought back stock for 30K. Should the corp issue a 1099B or report it on the K1 somewhere. Thanks. Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted January 27, 2011 Report Share Posted January 27, 2011 A 1099-B is issued when stock is sold. You say the corporation bought ... taxbilly Quote Link to comment Share on other sites More sharing options...
MN dhawk Posted January 28, 2011 Author Report Share Posted January 28, 2011 Sure, S Corp bought off stock of 1 shareholder. I assumed it would be reported to the IRS somehow. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.