How to enter shareholders' stock ownership in ProConnect Tax

Follow these steps to enter shareholders' stock ownership for an S corporation (1120S) return:

1. Go to Input Return ⮕ Shareholder Information ⮕ Shareholder Information.
2. Make sure that all shareholders have been entered here. Select the plus sign (+) near the top of your screen to add another tab, if needed.
3. In the left-side menu, select Stock Ownership.
4. Enter the number of shares owned at the Beginning of tax year and End of tax year for each shareholder.

If there was a change in stock ownership during the year, the program will compute a weighted-average ownership percentage for affected shareholders based on your entries here and in the Change in Stock Ownership screen. If you choose to manually calculate each shareholder's K-1 allocation percentage for the year, you can enter it in K-1 allocation percentage [Override], instead.

Related topics:

• How do I import tax data from a spreadsheet?
• Enter a change in ownership for Form 1120S