On 1120S Return Forms Must I have Shares of Stock

[edmund360]

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?

[Anonymous_]

Where? On your K-1s?

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

[edmund360]

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

[Anonymous_]

On your K-1? 

[edmund360]

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

[ThomasM125]

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