This is just a pass through S Corp. My Articles of Incorporation state 10k shares which has never changed and I suspect will never change. I'm not sure they hold any value either, or if they do, who would want to pay for them.
With that knowledge, am I supposed to list the 10k of shares beginning and end of year on the K-1 each year?
By adding the shares info on the K-1 into TT I am confronted with the 7203 and am wondering if this is overkill as, again, do I need to be reporting the 10k shares on the K-1 to begin with?
