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Get your taxes done using TurboTax
1120S.
I have been answering the interview questions and entering the numbers as I did in previous years for Federal Taxes Deductions: Compensations and Benefits Section, and right away the same amount is deducted from the Business expenses: Common Business Expenses.
In the Forms Mode it shows included in the Other Deductions Worksheet line 21 (of 1120s pg 1-2) but amount is excluded from the total.
‎September 3, 2022
2:00 PM