Discussion:1120S Loss
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| 14 August 2007 | |
| Could anyone please help me. Where do I enter 1120S loss on an individual Tax Return. Is it in LN 17? Do I enter one number as total amount of loss or it need to be broken down somewhere else like, advertising expenses, consulatation fee, office supplies etc? Thanks for your help.
Abstax | |
| 14 August 2007 | |
| It goes on Schedule "E" page 2, then to Line 17 of the 1040. ''Did the s/h materially participate in the 1120-S?''
Do I enter one number as total amount of loss or it need to be broken down somewhere else like, advertising expenses, consulatation fee, office supplies etc? It is broken down on the 1120-S for filing. The s/h should have received a K-1 with the loss information for his Form 1040. ABstax Please fill out your profile! | |
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