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I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses?

where do I deduct Boat Interest payments
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I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses?

Nowhere.  Why didn't the corporation pay for that expense?

 

You are an employee of the corporation (so if you received money from the corporation you should have also received a W-2), and employee expenses are no longer deductible on the Federal return.