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I recently reached an agreement to sale 30% of the corporation I worked and partially owned as part of my severance package. I'm unclear as to the type of reporting that is required given that the company is a C Corporation. Is a 1099 or W-2 form issued? Or some other form?


ANSWER


Expert Joseph Caplan's Answer:

If I understand you right, is the company giving you 30% of the company as part of your severance? If so, this will be reported on the w-2.

Joseph Caplan, CPA

New York

9 yrs experience

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