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Tax on buyout of my shares (S-Corp)

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ms1364

Junior Member
What is the name of your state (only U.S. law)? IL

I own a portion of an S-Corp, and due to ongoing differences, my business partner and I are splitting up. He is planning on buying my shares once we agree to a value (waiting for accountant's valuation as agreed upon in our buy/sell agreement). How will I be taxed on the funds received?What is the name of your state (only U.S. law)?
 



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