1120s /S-corp question, How do I get to line 17c on 1120s schedule K for "dividend distributions paid from accumulated earnings and profits" on Turbotax Business/S-corp?

I have accumulated earnings that I'd used to pay dividend to another shareholder. I went to deduction section but cant find where to input this number so that it would appear on line 17c of form 1120s . Please note that I am not talking about the K-1 form at all. Thank you in advance.

1121

1 Best answer

Level 15

Mar 4, 2020 8:12:59 AM

You can enter that figure in Forms Mode directly on your 1120-S in Schedule K on page 3 (Other Information).

Level 15

Mar 4, 2020 8:12:59 AM

You can enter that figure in Forms Mode directly on your 1120-S in Schedule K on page 3 (Other Information).

Why sign in to the Community?

1120s /S-corp question, How do I get to line 17c on 1120s schedule K for "dividend distributions paid from accumulated earnings and profits" on Turbotax Business/S-corp?