How do I report income from a closed business (which I received last year after I had closed the business) on my new business's S corp return?

slsaaasa · ‎October 31, 2019

I had an office which I closed and closed out the corporation and then I started a new corporation. I received checks for the old corporation totaling $7400. I want to report this but I'm not sure where to enter it on my new return. I had an accountant who did this years ago but I don't know how he did it. Thanks.

william_newfeld · ‎October 31, 2019

Hello,

For tax advice I would recommend contacting CRA tax tip line at 1-800-267-6999.

How do I report income from a closed business (which I received last year after I had closed the business) on my new business's S corp return?

Self-employed