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Get your taxes done using TurboTax
Factoring Fees are reported for an S-Corp in a similar category as Schedule C.
In TurboTax Business, this deduction is entered under Federal Taxes >> Deductions >> All other expenses, using a custom description for the amount.
Note: If you enter a general business expense in the wrong category, it will not affect your taxes. Just be sure you don't enter the same expense twice.
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‎April 8, 2022
5:58 AM