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 AK 0405 6300i Form 2021

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okay for this video tutorial on the 7203 I want to go through a fact pattern where we have a shareholder and an S corp that has to complete two separate 7203s and that's because they have more than one block of stock in their S corporation so we've got our shareholder here John Smith and he is a shareholder in this lawn care business and so we've got 17203 for his first block of stock and then we're including a second 7203 for block number two and this is required because when you have more than one block of stock and an S corporation and particularly when those blocks have different bases right so either you were the original shareholder and you paid a certain amount per per share or you purchased it from an existing shareholder inherited it gifted it right this is what they're asking on line item D here so we'll go into more detail on these 7203s I want to walk through all the other information we have with us in front of us so I do hav

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