Form 1120 - Schedule G
Desktop · Written guide Content date 1 min read
Schedule G (Form 1120), Information on Certain Persons Owning the Corporation’s Voting Stock is used to provide information applicable to certain entities, individuals, and estates that own, directly, 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote.
If Schedule K (Form 1120) Question 4a or 4b is answered Yes, Schedule G must be included with the return to provide the additional information requested for the entities, individuals, and estates owning the corporation's voting stock.
To access Schedule G in the corporate tax return (Form 1120) in Tax Processors Plus Desktop, from the main menu of the return select:
- Schedule K - Other Information
-
Individual or Estate own 50% or More of Stock? - Answer YES to the question:
Illustration
The illustration for this step is not available yet. Follow the written instructions.
- New - Enter all information as prompted.
Schedule G can be viewed and printed under the View Results menu.
Additional Information: