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Level 1
posted Apr 7, 2024 4:15:55 PM

What do I put in the Stock Block on form 7203?

What do I put in the Stock Block line on form 7203, If my husband owns the S-Corp business? the business is 100% his alone- sole shareholder.

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1 Replies
Expert Alumni
Apr 11, 2024 6:41:26 AM

The "Stock Block" line is used to identify the batch of stock reported on Form 7203. The description is not important to the IRS, so use something that is useful to you - number of shares, date of purchase, etc.