Mary inherited Scorporation stock from a private company owned by her now deceased father. The Scorporation stock has basically been dormant for years except for the fact that it holds a investment account with $1,500,000 FMV of publicly traded stock at the date of her fathers passing. The basis of the publicly traded stock at the time of death was $300,000. Her fathers basis of the stock of the Scorporation was $600,000. The publicly traded stock in the investment account is now worth $1,800,000. She has no need for the Scorporation. She is concerned about potential taxes on the gains should she sell the stocks in the investment account. You ask if the Scorp has a prior life as an Ccorp. Mary has no idea. She will provide all tax returns at some point in the future. Until then she would like to discuss both possibilities. What would her gain be if she did sell? Would there be a way to counter affect the gains from the sales of the stocks in the investment account if she is willing to dissolve the S corporation?