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Get your taxes done using TurboTax
@MinhT1 Thank you so much for your reply!
Follow-up question:
1. In my case, should I enter "0" in all the boxes for any type of income (gain, loss, etc.) or just leave them blank?
I have the same question for the boxes in form 1120-S, some of them reference the boxes on other forms (such as 4797, 1125, 7004, etc.) that are not applicable for my S-Corp. For these boxes, should I enter "0" or leave them as blank?
2. As my S-Corp never started business or issued any share, can I just enter "0" for the "Shareholder’s number of shares" box?
I appreciate any of your advice.
January 15, 2024
3:41 PM