Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?

kime95411 — Sat, 01 Jun 2019 01:39:06 GMT

I pay every year to the state of Maryland in the amount of $300 for annual report fee (Form1). I run a S-corp.

I have never ever deducted those amount since 2009 because i was not sure.

I found 1120s instructions but couldn't understand it.

I attached a picture for that.

please help.

Yes. The cost of filing the annual report goes in Licensi...

Carl — Sat, 01 Jun 2019 01:39:08 GMT

Yes. The cost of filing the annual report goes in Licensing, permits and fees. Just to be clear, it's not the only thing that can be included in that box.

topic Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&amp;subscription? in Business & farm

Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription?

Yes. The cost of filing the annual report goes in Licensi...

topic Can i deduct annual report fee ($300) in maryland for the s-corp? if so, where to put those amount in turbo tax business? should i put that on due&subscription? in Business & farm