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Form 1120 Sch G - Person own corporation voting stocks

hgtc
Level 5

Client is a C-corporation.  There are 3 shareholders.  Husband and wife own 45% each and their daughter owns 10%.

In Sch G, do we need to report daughter's ownership?

If yes, do we report 10% or?

 

Thanks.

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George4Tacks
Level 15
1 Comment 1
George4Tacks
Level 15

Yes. 10%

https://www.law.cornell.edu/cfr/text/26/1.267(c)-1

 


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