Common questions about Change In Ownership for Form 1120S in Lacerte

The Change in Ownership screen allows you to use a weighted-average calculation for determining shareholders' percentages.  Please refer to the following information to assist with Screen 7, Change in Ownership questions.

• Entering Change of Ownership for an S Corporation (Form 1120S)
• S Corporate Diagnostic Total Allocation Factor for the Shareholders Not Equal to 100% (Ref. #25213)
• Entering Shareholders Percentage of Stock Ownership
• 1120S Entering Shareholder Property Distributions Other than Dividends (Including Cash)
• Shareholder basis input and calculation in the S Corporation module