Sch B-1 (1120S) - Info on Certain Shareholders of an S Corporation

What is the form used for? :

• Use Schedule B-1 (Form 1120-S) to provide the information applicable to any shareholder in the S corporation that was a disregarded entity, a trust, an estate, a nominee, or a similar person at any time during the tax year.

Is the form Supported in our program? Yes

How to access the form: To access the form, you will need to open a 1120S return on the desktop and then go to Add Form/Display, and type Sch B-1.

Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.

IRS Publication: https://www.irs.gov/pub/irs-access/f1120ssb_accessible.pdf