Schedule B-1 is not provided within TaxSlayer Pro. If it's required, you can complete it at the IRS website here and save it in PDF form suitable for attaching to the tax return.
Use Schedule B-1 (Form 1120-S), Information on Certain Shareholders of an S Corporation, to provide the information about any shareholder in the S corporation that was a disregarded entity, a trust, an estate, or a nominee or similar (e.g., guardian, custodian, or agent) at any time during the tax year.
The form is needed if Schedule B line 3 is answered Yes. In the S corp return in TaxSlayer Pro, that form line is here:
- Schedule B - Other Information
- Any Shareholder in corporation is a disregarded entity - Answer YES if true.
Once the question regarding the shareholder is answered Yes, you can attach Schedule B-1 here:
- Schedule B - Other Information
- Form 1120-S Schedule B-1 Attachment - Selecting this menu line opens a Windows File Explorer window. Navigate to the PDF of Schedule B-1 you completed and saved. Once you find it, click it, then click Open to attach it.
Additional Information: