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I paid significant C-Corp expenses out of pocket, am a minority shareholder (non-employee), and will not be reimbursed - How do I recognize/deduct these expenses on 1040?
The largest chunk of these expenses were to cover company legal fees; however, there were additional expenses related to misc business meetings as well as a few expenses tied to marketing the business to potential acquirers. Schedule C doesn't seem to cover C-corporations, and I can't figure out where to put these expenses so that they become deductions to my taxable income. Thanks in advance for your help.
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May 31, 2019
5:34 PM