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On 1120S Return Forms Must I have Shares of Stock

edmund360 — Mon, 09 Mar 2026 05:10:30 GMT

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?

Re: On 1120S Return Forms Must I have Shares of Stock

Anonymous_ — Wed, 23 Feb 2022 16:25:08 GMT

Where? On your K-1s?

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

Re: On 1120S Return Forms Must I have Shares of Stock

edmund360 — Wed, 23 Feb 2022 20:14:38 GMT

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

Re: On 1120S Return Forms Must I have Shares of Stock

Anonymous_ — Wed, 23 Feb 2022 22:03:04 GMT

On your K-1?

Re: On 1120S Return Forms Must I have Shares of Stock

edmund360 — Wed, 23 Feb 2022 21:37:52 GMT

On K1 do I place a 1 or a 0 on number of shares at end of tax year?

Re: On 1120S Return Forms Must I have Shares of Stock

ThomasM125 — Wed, 23 Feb 2022 21:48:45 GMT

You would enter 1 if that was your beginning shares and you didn't acquire any more or sell any.