K-1 for LLC taxed as S Corp

[KC199]

The K-1 asks for the number of shares in Part I, Line D.  There are no shares since it's a sole member LLC taxed as an S Corp.  What do I put in that line?

[Anonymous_ · Accepted solution]

See https://www.irs.gov/instructions/i1120s#en_US_2021_publink100077082

Report the total number of shares issued and outstanding at the beginning and end of the S corporation’s tax year. An entity without stock, such as an LLC, should enter the number of units or other equivalent to S corporation stock. Round the number of shares to the nearest whole number (but not below zero). For example, round 0.6315 up to 1.

[KC199]

So does that mean I would just put a 1 in that line item?  I am really not understanding what it means by units.

[Anonymous_]

If you are the sole member, you should probably simply enter "1" (i.e., you have the only unit issued out of one unit total).