Deductions & credits

@jtorres805  If the corporation had a profit and you took out money, you ALSO need to be on payroll with a W-2.   That is required.  And a W-2 from the corporation is "Earned Income".  Income from the S-corporation on the K-1 is NOT "Earned Income".

 

If the corporation did not put you on payroll and issue a W-2, you really should go to a tax professional.