$800 FTB FOR S-CORP DEDUCTION

Hi, can I deduct minimum tax $800 which I paid to CA deduct from my 1120-S Federal? If yes where is the related line?

Thanks

347

Employee Tax Expert

Feb 23, 2024 7:49:48 AM

Yes. Go to 'Deductions on your federal return and scroll down until you hit 'Business Expenses'-

Click on 'Start' next to 'Taxes and Licenses'

Then enter the amount into 'Other Taxes'.