I am filling out the CSS profile. My husband owns 100% of a S-Corp and I have entered it’s information in the CSS profile. But that S-Corp then owns a % of other companies. Do I also report those other companies, or not because they are included in the S-Corp 1120-S taxes already that I used to fill out the CSS with?
@Mwfan1921 @BelknapPoint do you know?
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Oh, now I’m wondering if the answer is no because those ownerships %s would be assets, and reported under the value of assets if sold?
If the S Corp is the owner you don’t report personal ownership on the CSS.