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Understanding the Constructive Ownership Percentage for Form 1120

by ProConnect Tax Online Updated 1 year ago

ProConnect Tax will automatically carry your entry in Percentage of common stock owned for each individual to the Schedule G.

  1. Go to the Input Return tab.
  2. Select Ownership Information, Ownership Information.
  3. Under the 20% Direct or 50% Direct/Indirect Owners section, use the Percentage constructively owned, if different field to override the ownership for Schedule G purposes only.

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