jmboswell
New Member

Where and how on turbo tax do I enter a capital loss for expenses in 2024 of an S Corp that we filed the final return for a number of years ago?

We had to keep records for 10 years so had to pay a company for that. We filed the final K-1 for the S Corp a number of years ago so we can’t deduct the expenses as ordinary business expenses. We can enter the expenses as a capital loss. Turbo Tax does not ask me that question and I do not know where to enter it.