wfranks
Level 1
09-10-2021
02:32 PM
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An S Corporation received a 1099-K from Airbnb. Because they haven't filled out the appropriate tax information request, Airbnb started backup withholding. Where do I enter this amount withheld on the 1120S?
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Code_Reader
Level 3
09-10-2021
03:59 PM
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Form 1120S p3-5 Schedule K line 13g code O.
Oops, just noticed this is in Lacerte. I'll leave my reply since the correct placement on the return is likely the same as ProSeries.
joshuabarksatlc
Level 10
09-10-2021
04:06 PM
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For Lacerte, Screen 26, Credits, the bottom section "Other Credits - Sch K Lines 13C - 13G
Bottom line item Other Credit, K-1 Code O
I come here for kudos and IRonMaN's jokes.
