ThomasM125
Employee Tax Expert

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You should enter the corporate shares issued and outstanding in Part 1, box D. In Part II, Box H you would enter the number of shares you hold. The allocation percentage would be your share of the shares issued, which would be 100% if you are the only shareholder. Since you don't have other shareholders, the number of shares or associated percentages will not affect your taxable income and associated deductions or credits, so it will have a minimal affect on your tax preparation. As such, an amended return would likely have no significant affect on anything.

 

 

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