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Business & farm
Yes you are correct- we are an LLC that elected to be taxed as an S-Corp. From googling it seems that LLC's cannot have or issue stock.
It would appear the instructions for the 1120-S K-1 doesn't address our case of being an LLC?
I'm inclined to leave the new K-1 Boxes D and H empty.
‎November 7, 2022
7:08 AM