Shareholder Information > Schedule B1 tab

Use this tab to enter information to complete Schedule B-1 (Form 1120-S), Information on Certain Shareholders of an S Corporation. Schedule B-1 applies when the shareholder of record shown on Schedule K-1 is a disregarded entity, a trust, an estate, a nominee, or similar person.

Beneficial owner

Enter the identifying information of the individual or entity responsible for reporting the Schedule K-1 information in the Beneficial owner group box.
If the beneficial owner is a grantor trust and doesn’t have an EIN, enter the name of the grantor trust.

Owner of record

Enter the entity type of the shareholder of record shown on Schedule of K-1.
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