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Thank you so much for your response. I'm still struggling to understand why line 11 of Schedule K of the Federal return would not be treated as a deduction in calculating line 1 of the South Carolina 1120S since it is a deduction on Schedule K of the Federal Return. The end result is an income amount on the South Carolina return which includes my Section 179 expense twice in the total.
I appreciate any clarification you can provide!
‎February 21, 2023
1:57 PM