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sscorp
Level 2

Turbo tax business download for S-corp 1120S return: where do I enter home office deductions

Turbo tax business download for S-corp 1120S return: where do I enter home office deductions if its accountable plan reimbursed expense. Can the deduction calculation be using simplified method. Since its S-corp reimbursing officer, is it subject to net s-corp income? This is not question about how do I claim on my personal tax return, however, how to report on 1120s tax return. Its business deduction and should not be considered as taxable income to report on 1040.

2 Replies
AmeliesUncle
Level 12

Turbo tax business download for S-corp 1120S return: where do I enter home office deductions

Expenses that the corporation paid under an Accountable Plan are entered as "Other Expenses".

sscorp
Level 2

Turbo tax business download for S-corp 1120S return: where do I enter home office deductions

Thanks. Is my understanding correct that its not limited by s-corp net income/loss. Although s-corp has loss, this can be still be expense under "Other deductions" which would end up on line 19 of 1120S?

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