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Business & farm
no, you can't combine your income and enter it on schedule C. a partnership K1 and has a line to enter unreimbursed expenses (UPE for partnership)
S Corporation Shareholders
S corporation shareholders generally cannot deduct unreimbursed business expenses on Schedule E because the shareholders are categorized as employees when performing services for the corporation. a change in the tax laws starting with 2018 bar the deduction, in most cases, of employee business expenses.
‎February 21, 2021
11:26 AM