S Corp with publicly traded stocks

pedz — Tue, 17 Feb 2026 16:49:45 GMT

I just started my tax return for my S corp using Turbo Tax Business. I've done this for years -- perhaps incorrectly. One of the first question is about "Entities Owned". For the past couple of years, the S corp has owned publicly traded stock in a portfolio held by Fidelity. How should I answer the question if the corporation "ownership interest in the following entities" -- one of them being Domestic and Foreign Corporations?

Re: S Corp with publicly traded stocks

DaveF1006 — Tue, 17 Feb 2026 18:58:21 GMT

Unless you have a significant stake in the ownership of these entities, the answer will be "no". Unless your ownership control exceeds the following, you would answer 'no" to entities owned.

Owns 20% or more of the total stock of another corporation directly.
Owns 50% or more of the total stock of another corporation directly or indirectly (through "constructive ownership").

If you own foreign stocks (like Toyota or a European ETF) within your Fidelity account, you still answer "No" to the ownership question.

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S Corp with publicly traded stocks

Re: S Corp with publicly traded stocks