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, or a nominee or 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 then in the look for box 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