Tax Preparation Fee Deduction for S-corp that no longer exists

[amfsbf1]

In 2024 I paid my CPA for preparing my 2023 S-corp tax return.  I had sold the business and let the S-corp retire at the end of 2023, so it no longer exists and no S-corp return is required any longer. The fee normally would have been a legitimate deduction on the following year's corporation return.  Is the fee I paid in 2024 for the preparation of the 2023 tax return deductible on my 2024 individual return, and, if so, where do I list the deduction?

[Vanessa A]

No.  You cannot deduct your S-Corp tax prep fees on your personal return.  Tax prep and accounting fees are not currently deductible on an individual tax return. 

[amfsbf1]

Thanks for the response.  Can I file a corporation amended return to get credit for the legitimate professional services deduction?

[PatriciaV]

Unless you prepaid the tax preparation fee before the S-Corp ceased operations, that fee would not be reportable on an amended tax return.