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Scotty17
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I;m not seeing an option to complete K-1 for my S- Corp

Hello, 

I have a S-corp and need to put in a K-1 but not seeing an option for that: https://nimb.ws/1/cYX9RI

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I;m not seeing an option to complete K-1 for my S- Corp


@Scotty17 wrote:

I have a S-corp and need to put in a K-1 but not seeing an option for that: https://nimb.ws/1/cYX9RI


That is because a corporation cannot be a shareholder in an S corporation. 

 

See https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations

 

Please seek professional guidance.

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1 Reply

I;m not seeing an option to complete K-1 for my S- Corp


@Scotty17 wrote:

I have a S-corp and need to put in a K-1 but not seeing an option for that: https://nimb.ws/1/cYX9RI


That is because a corporation cannot be a shareholder in an S corporation. 

 

See https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations

 

Please seek professional guidance.

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