Hi MinhT1,
Thanks for your prompt reply and yes I withdrawal annual Salary as an Employee of S Corp. My wife is not withdrawing any salary as she is full time teacher. I have already filed my S Corp Taxes and imported both (me and my wife) K1 in to my personal return. As you have mentioned I can claim them as Un-reimbursed Expenses, but how (what form etc.) and where to enter that information in Turbotax. Do I have to adjust my K1 for this transaction or how to enter that information in my personal (1040) tax return, that's what I am struggling with and will really appreciate any help.
Thanks,
SauGo
