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As sole shareholder closing down the corporation how do I report my,500 non dividend distribution which results in Hello, Thanks for your queston.

If not, the following applies: Yes, you would report the 00 as a capital gain.

When a company has more liabilities than assets, equity is negative and no liquidating distribution is made at all.

This is usually the case in bankruptcy liquidations.

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Living it up as a trust fund baby he mostly spends his day playing cowboy or playing poker.

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So much so that I bought several other cowboy romances, though I haven't been as impressed with Miller's stories(but that's This book was a pleasant surprise.

Creditors are always senior to shareholders in receiving the corporation's assets upon winding up.

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