topic Re: I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/re-i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672953#M54680 <P>Nowhere.&nbsp; Why didn't the corporation pay for that expense?</P><P>&nbsp;</P><P>You are an employee of the corporation (so if you received money from the corporation you should have also received a W-2), and employee expenses are no longer deductible on the Federal return.</P> Sun, 12 Jul 2020 20:55:14 GMT AmeliesUncle 2020-07-12T20:55:14Z I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses? https://ttlc.intuit.com/community/business-taxes/discussion/i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672748#M54672 where do I deduct Boat Interest payments Sun, 12 Jul 2020 20:10:40 GMT https://ttlc.intuit.com/community/business-taxes/discussion/i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672748#M54672 rickm50- 2020-07-12T20:10:40Z Re: I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses? https://ttlc.intuit.com/community/business-taxes/discussion/re-i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672953#M54680 <P>Nowhere.&nbsp; Why didn't the corporation pay for that expense?</P><P>&nbsp;</P><P>You are an employee of the corporation (so if you received money from the corporation you should have also received a W-2), and employee expenses are no longer deductible on the Federal return.</P> Sun, 12 Jul 2020 20:55:14 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672953#M54680 AmeliesUncle 2020-07-12T20:55:14Z
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topic Re: I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses? in Business & farm
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<P>Nowhere.&nbsp; Why didn't the corporation pay for that expense?</P><P>&nbsp;</P><P>You are an employee of the corporation (so if you received money from the corporation you should have also received a W-2), and employee expenses are no longer deductible on the Federal return.</P>
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I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses?
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https://ttlc.intuit.com/community/business-taxes/discussion/i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672748#M54672
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Re: I received income on a Schedule K-1, form 1120-S. I have expenses related to this income. Where do I list those expenses?
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-i-received-income-on-a-schedule-k-1-form-1120-s-i-have-expenses-related-to-this-income-where-do-i/01/1672953#M54680
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<P>Nowhere.&nbsp; Why didn't the corporation pay for that expense?</P><P>&nbsp;</P><P>You are an employee of the corporation (so if you received money from the corporation you should have also received a W-2), and employee expenses are no longer deductible on the Federal return.</P>
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