Can any S corporation expenses be included in personal 1040 return?

posted

Connect with an expert

1 Reply

Can any S corporation expenses be included in personal 1040 return?

No, S Corporation income and expenses are reported on form 1120S. Once the 1120S is prepared, each shareholder receives a K-1 which is reported on the personal tax return.

Note: More detail on this topic can be found in the information below.

Small-Business-Taxes/What-is-a-Schedule-K-1-Tax-Form

Small-Business-Taxes/Do-Chapter-Sub-S-Corps-File-Personal-Tax-Returns

Small-Business-Taxes/S-Corp-Federal-Tax-Filing-Dates

https://ttlc.intuit.com/replies/3301717

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Can any S corporation expenses be included in personal 1040 return?

Can any S corporation expenses be included in personal 1040 return?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Can any S corporation expenses be included in personal 1040 return?

Do you have an Intuit account?

Can any S corporation expenses be included in personal 1040 return?

Unlock tailored help options in your account.

Get more help

Related Content