Google Answers: Tax Loss Carryforward after sale of 30% of S corp to C corp

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Q: Tax Loss Carryforward after sale of 30% of S corp to C corp ( No Answer, 2 Comments )

Question

Subject: Tax Loss Carryforward after sale of 30% of S corp to C corp
Category: Miscellaneous
Asked by: stampp-ga
List Price: $10.00

Posted: 24 Oct 2003 11:35 PDT
Expires: 23 Nov 2003 10:35 PST
Question ID: 269406

If I sell 30% interset in my subchapter S coroporation to a C
corporation, can they benefit from my tax loss carryforward?

Answer

There is no answer at this time.

Comments

Subject: Re: Tax Loss Carryforward after sale of 30% of S corp to C corp
From: leskowitz-ga on 30 Oct 2003 11:06 PST

They will not get your basis of the loss.  I will confirm with our tax
guy.  Your question perk my interest.

Subject: Re: Tax Loss Carryforward after sale of 30% of S corp to C corp
From: stampp-ga on 31 Oct 2003 06:03 PST

Thanks for the free info!!!!!

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