topic Investment Expenses for an S Corp in Get your taxes done using TurboTax

Investment Expenses for an S Corp

pblask — Mon, 23 Feb 2026 13:16:32 GMT

Does anyone know where you enter investment expenses for an S Corp in Turbo Tax Business 2022? The expenses need to be reported on Schedule K line 12d as an "Other Deduction". It should then be reported on Schedule K-1 in box 12 with a code of L. It should also be reported in box 17 with a code of B. I can not find any input screens in the software to report these expenses.

Re: Investment Expenses for an S Corp

AbrahamT — Mon, 06 Feb 2023 23:11:12 GMT

See here

then here

And then finally, check the forms here

Re: Investment Expenses for an S Corp

pblask — Tue, 07 Feb 2023 00:40:09 GMT

Thanks for the below information, but those input screens are for the 1040 software. I don't see any input screens on the 1120-S software for these types of expenses.

Re: Investment Expenses for an S Corp

ThomasM125 — Tue, 07 Feb 2023 02:21:58 GMT

You need to use the Forms menu option and find Form 1120-S p3-5. You will see Schedule K on that screen and when you look on Line 12 underneath letter Code F you will see a drop down menu under Type where you will find letter Code S, for other. You can enter your investment expenses there and also enter them on line 17(b).