S Corporations Part 4: Ordinary Losses on Stock Sales, Exit Strategies, and K-1 Conformity
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Selling or exiting an S corporation can be complex—and costly if done incorrectly. In this course, tax expert Greg White, CPA, will guide you through strategies to maximize tax benefits and avoid compliance pitfalls. You’ll learn when shareholders can claim ordinary losses on stock sales, how to implement effective exit strategies, and the critical K-1 conformity rules that can impact reporting. Plus, discover advanced planning techniques like using “land banks” to optimize capital gains on future development projects.
Join us and gain actionable insights to help your clients navigate S corporation exits with confidence.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardPublication Date: February 2026
Topics Covered
- Exit strategies for S corp shareholders
- Taking ordinary losses on the disposition of S corp stock
- Perils of distributing appreciated assets from an S corporation
- Required K-1 conformity, and how to avoid when you disagree with the K-1 reporting
Learning Objectives
- Determine the requirements for claiming ordinary losses on the sale or worthlessness of S corporation stock
- Apply a range of exit strategies for S corporation shareholders
- Explain K-1 conformity requirements and the consequences of noncompliance
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
