How to enter in political contributions for box 17 code v of form 1120s

paminVA · ‎May 31, 2019

is it deductible for federal or state etc?

ChelsiE2 · ‎May 31, 2019

Political Contributions are considered a Non-Deductible Expense. If your 1120S Schedule K-1 reports these amounts in Box 17, you do not need to input this information into TurboTax for your Individual return. It will have no effect on your tax return and should be considered informational only.

View solution in original post

ChelsiE2 · ‎May 31, 2019

Political Contributions are considered a Non-Deductible Expense. If your 1120S Schedule K-1 reports these amounts in Box 17, you do not need to input this information into TurboTax for your Individual return. It will have no effect on your tax return and should be considered informational only.