Elisabeth
Level 1
02-21-2020
03:10 PM
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I have an S Corp that is an investment and consulting corporation. Can the S Corp take the advisory fees charged in the investment account as a deduction on page 1?
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George4Tacks
Level 15
02-22-2020
12:16 PM
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Screen 27 > Other Information > Investment expenses
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns
Elisabeth
Level 1
02-22-2020
12:40 PM
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I am confused about your reply. I know where to enter the expenses, I wanted opinions on whether or not the advisor fees which are normally misc itemized deductions for individuals, can be considered a business expense for an S corp that is in the business of investing.
