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Level 1
February 11, 2022
Question

Where/how do I enter non-stock owner info in proconnect for 1120S?

  • February 11, 2022
  • 1 reply
  • 6 views
My LLC client is taxing as a S-corp for the 1st time in 2021.  The owners are 90/10 but there's no stock since it's legally a LLC.   All the ownership info references stock.  Is there a different place to put the ownership percentage?
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1 reply

sjrcpa
Level 15
February 11, 2022

No. Just enter 90 and 10, or 900 and 100.

The more I know the more I don’t know.