if one hypothetically has income resulting from the sale of an s-corp does one need to do some kind of manual reporting or quarterly tax thing or can they just eat a large net amount owed from capital gains when they file a 1040 the next year
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Replying to @eigenrobot
Aren't the sale proceeds from an S corp simply income? Set up as a pass through, correct?
#Accounting1 reply 0 retweets 3 likes
Replying to @RushTheHouse
in this example its selling shares of an s-corp which i think is capital gains
3:33 PM - 4 Sep 2021
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