Ian Bryzek, CPA
S corp built-in gains and AAA records after death
S corporations may carry AAA, PTI, and built-in gains histories that matter after a shareholder dies.
Request AAA schedules and any built-in gains tracking from the corporate accountant. Do not invent balances.
These corporate-level accounts affect later distributions and sale analyses—preserve them early.
What to keep with the file
These corporate-level accounts affect later distributions and sale analyses—preserve them early.
What to do next
Ask the corporate accountant for AAA and built-in gains schedules before major distributions.
What to gather
- AAA and other corporate tax account schedules
- Built-in gains tracking workpapers if any
- Prior S corp returns
- Shareholder basis workpapers
- Corporate accountant contact
Who usually handles what
- Ian can organize the tax reporting question and the supporting records.
- The executor, trustee, or account custodian supplies records and confirms who has authority to act.
A practical next step
Ask the corporate accountant for AAA and built-in gains schedules before major distributions.
Related guides
This is general tax information, not tax or legal advice. Outcomes depend on the documents, ownership, timing, and law that apply to the particular facts.