Skip to main content
Level 3
February 23, 2022
Question

On 1120S Return Forms Must I have Shares of Stock

  • February 23, 2022
  • 5 replies
  • 46 views

Must I provide shares of stock on 1120S forms. Both myself and wife at 50% owners of the Corporation. Did now want to assign us shares of stock. Is that OK for tax reporting? Thanks in advance?

5 replies

Level 15
February 23, 2022

Where? On your K-1s?

 

When you filed your 2553, you had to specify each shareholder's number of shares or percentage of ownership.

edmund360Author
Level 3
February 23, 2022

I had put 1 share per person on this form. That is what I'm going to use for beginning shares. Do I still use 1 or 0 for ending shares when this is final return? Thank you,  Ed

Level 15
February 23, 2022

On your K-1?