Form 1120-S Schedule M-2 and schedule L questions
Feb 6, 2025 · On IRS Schedule K-1 (1065) or IRS Schedule K-1 (1120S). After answering the questions and inputing Box 20 Code Z it ignores my entries and tells me I cannot efile. in …
I am sole owner of 1120 S Corp. Car purchased in company name …
Jun 5, 2019 · However, if part of the reimbursement is for the personal use portion of your vehicle, then some income would be required to be reported and the S Corporation would enter that on …
Solved: How do I file 1120S - Intuit
Mar 12, 2022 · Yes. Those forms are part of Form 1120S. They are filed with the return and a copy of Schedule K-1 and Schedule K-1-P is also given to each shareholder. Form 1120S in a …
Does Form 1120S "S Corporation Shareholder Stock and Debt …
Feb 14, 2025 · I realized that messed up the value on line 1 (Stock basis at the beginning of the corporation’s tax year) of the worksheet on the first year I took a distribution several years …
S corp - 1120s - line 8 - Salaries and wages - which box of W2
Mar 9, 2022 · S corp - 1120s - line 8 - Salaries and wages - which box of W2 in the simplest situation, say you took $100K salary of which $24K went into a 401K so $100K for box 7. but …
For S-Corp, how do I get the home office deduction? Can I use
Jun 6, 2019 · If Schedule K-1 came from Form 1120S, S corporation shareholders generally cannot deduct unreimbursed business expenses with Schedule K-1 because the shareholders …
Where does my s-corp profit/loss get input to my personal 1040
Jun 3, 2019 · When you complete the Form 1120S in TurboTax Business, you will generate a Form K-1 for each shareholder in the S Corp. This K-1 becomes the input document by which …
Form 1120-S
Feb 8, 2024 · No issues. This year I login and there’s no previous tax return. I wanted to import the last years balance sheet info and all the basic stuff. But, it’s not there. I talked 2 different …
I have an S-Corp. How should I deduct business mileage? - Intuit
Jun 7, 2019 · I made the mistake of not reimbursing, but claiming a deduction on my 1120s for business mileage from 2016 to 2019. In 2020, my s Corp reimbursed me for that outstanding …
What types of returns does TurboTax Business Desktop handle?
S Corporations (Form 1120S) An S Corporation is a small business corporation with less than 100 shareholders which has elected to have its profits pass through to its shareholders, in the …