The K-1 for the 1120-S starting in 2020 has boxes for number of shares at beginning and end of tax year. The 2021 K-1 wants the shareholder's number of shares as well as the corporation's total number.
Our S-Corp is an LLC and is owned by my wife (51%) and myself (49%). I don't remember anything about having stock or issuing shares since we set it up.
How would I enter these values? Can I just say it has 100 shares and my wife has 51 and I have 49? Can I leave these boxes blank?
For the new 7203 I've kept track of basis on Schedule M-2 every year. This is just in dollars.
Thanks!
