PastaPrimavera
Junior Member
What is the name of your state? California
Hello. I purchased all of the shares of a former 50% shareholder in an S Corporation (previously we were both 50% shareholders). Payment was by check. What form do I complete and send to the IRS to disclose the purchase and the amount that I paid the other shareholder? The only thing I found was 1099B - but that says it is for broker and barter exchange transactions. Thank you!
Hello. I purchased all of the shares of a former 50% shareholder in an S Corporation (previously we were both 50% shareholders). Payment was by check. What form do I complete and send to the IRS to disclose the purchase and the amount that I paid the other shareholder? The only thing I found was 1099B - but that says it is for broker and barter exchange transactions. Thank you!