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New Member
posted Oct 31, 2019 2:12:48 AM

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?

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.

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1 Replies
New Member
Oct 31, 2019 2:12:50 AM

Hello,

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