you haven't yet filed your 2022 S-corp? A 2022 calendar year s-corp return was due 3/15/2023. if extended then 9/15/2023. You're facing late filing penalties of close to $200 a month for every month late for up to 12 months. The same is true for the 2023 return which was due 3/15/2024 unless extended. if it was it's now due 9/15/2024
an amended s-corp return for 2022 that was filed timely does not incur late filing penalties
as for your repair question
the replacement of parts that constitute “a major component or a substantial structural part of a unit of property” must be capitalized [Treas. Reg. §1.263(a)-3(k)(1)(vi)]. A major component is “a part or combination of parts that performs a discrete and critical function in the operation of the unit of property.” Substantial structural parts are those that constitute “a large portion of the physical structure of the unit of property” [Treas. Reg. §1.263(a)-3(k)(6)(i)(A-B)].
Determining whether replacement parts constitute major components or substantial structural parts is a matter of facts and circumstances. The regulations don’t provide a clear distinction between incidental replacement parts that can be expensed and those that must be capitalized. They indicate that the facts and circumstances involved in making this determination should include “the quantitative and qualitative significance of the part or combination of parts in relation to the unit of property” [Treas. Reg. §1.263(a)-3(k)(6)(i)].
Treas. Reg. §1.263(a)-3 provides some examples that may be instructive. Providing a new engine, cab, and petroleum tank for a petroleum hauling truck would be capitalized because it involves the replacement of major components of the vehicle.
what you call thenin turbotx is irrelevant. the IRS does not see that. If the S-corp was profitable, you may be able to expense the capital repairs
