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Get your taxes done using TurboTax
This may seem obvious, but then I am still not sure where you are experiencing a problem.
There is Income and then there are Deductions; Income minus Deductions equals Taxable Income on your 1120.
Did your corporation generate any revenue whatsoever? Were there any deductions? Did the corporation distribute anything of value to the shareholders?
‎July 16, 2020
10:16 AM