Question

Do I note investors that own equity as shareholders in my TurboTax Business? I own 60% of the C Corp, my husband owns 5.68 and an investor owns 7%.

Forum|Forum|5 years ago
March 18, 2021
3 replies
0 views

TurboTax Business asks for the amount of shareholders. There are two founders (myself and my husband) that own shares, an an investor also holds shares. The remainder of the shares are with the company, in a equity incentive pool. I just don’t want to mess anything up! I’m sure the answer is three...

TurboTax Deluxe Online

M

MinhT1

Yes, you are correct. The number of shareholders is 3.

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Rick19744

Employee

I'm not sure we have sufficient facts to provide guidance:

You are asking this question from TT Deluxe, but then appear to be asking a question about a C corporation using TT Business. Please clarify.
Additionally, based on the limited facts, I don't agree with @MinhT1 . The 3 ownership percentages you provided do not total 100%, so I can't agree that there are only 3 shareholder's.
Not sure what you are referring to when you say "the remainder of the shares are in an equity pool".
Who provided you with guidance when setting up the C corporation?

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.

I

ialeahAuthor

The documents were prepared by our legal counsel and lawyers— the incentive pool are shares that are set aside to hire additional executives in the future.

I

ialeahAuthor

And yes, you are correct! This is a TT Business question. Apologies!