Remember you do not need to file this every year. You will file if during the tax year if you:
- Are claiming a deduction for their share of an aggregate loss from an S corporation (including an aggregate loss not allowed last year because of basis limitations),
- Received a non-dividend distribution from an S corporation,
- Disposed of stock in an S corporation (whether or not gain is recognized), or
- Received a loan repayment from an S corporation.
If you need to file in future tax years and if you haven't purchased any shares of stock, then this would be a Stock Block 0.
As far as your husband's reporting requirements, if you received a K1 issued in both your names or the name of your business, you would report Stock Block 1 as one total since you are reporting one 7203 issued in both your names or your business name. you would not create separate 7203's.
@Idaho9
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