F1120 - 80% change in stocks for newly created company

[oflx]

What is the name of your state (only U.S. law)? Delaware

Hi,

I'm wondering what to reply to
"During this tax year, did the corporation have an 80% or more change in ownership, including a change due to redemption of its own stock?"

I've created my C Corp last year and bought my own shares (100%), does that constitute a "Yes"?

Thanks.

 

[tranquility]

I'm not sure what you're saying. Did you start a corporation and keep all the stock yourself for the contributions to fund it? If so, no. If you had a corporation and you formed another corporation to buy all the stock, then yes.