Assertion: close corporation's shareholder | /r/CapableOf | report their share
Facets:
value: along with schedule b
type: OTHER
value: on their individual form
type: LOCATION
value: as personal income
type: OTHER
Source sentences:
text: Unlike a C corp, however, the S corporation is a pass-through entity: the bookkeepers divide up corporate profits among the shareholders, who report their share as personal income.
text: If any portion of those profits are passed on to the shareholders as dividends, each shareholder will need to report his or her share on their individual Form 1040, along with Schedule B, Interest and Ordinary Dividends.