The title says most of it. I have an S corporation which is mostly dormant for the past 14 years. I'm now trying to get into a new line of business and in the 2021 tax year, I bought things on my personal credit card that I would now like to move into my S corp and expense them. Is this possible? And if so, how do I show it on the two tax returns? I'm using Turbo Tax Corp for the S Corp and Turbo Tax for my personal return.
