Use Schedule G (Form 1120) 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.
Every corporation that answers “Yes” to Form 1120, Schedule K, Questions 4a or 4b, must file Schedule G to provide the additional information requested for certain entities, individuals, and estates owning the
corporation’s voting stock.
To access Schedule G, from the main menu of the tax return (Form 1120), select:
- Schedule K - Other Information Menu
- Individual or Estate own 50% or More of Stock? - The question below will display on the screen, select YES:
- Select New - Enter all information as prompted. Schedule G can be viewed and printed from the main menu of the tax return (Form 1120 by selecting View Results.
Additional Information: