SensibleandHour ly
Level 8
08-01-2023
01:31 PM
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Good afternoon, Community,
I recently took on a new client with an S-Corp. I've only completed a few of those types of returns and the 2021 tax package has a Form entitled "Additional Information from your 2021 US Form 1120S: Income Tax Return for S Corp". With Subheadings - Other Deductions/Description to the Left and Continuation Statement/Amount to the Right. I can see this where the prior preparer declared seven business deductions. However, I cannot seem to find this form anywhere and wondered if anyone in the community uses it for this purpose or is there simply a better place to declare expenses for the S-Corp?
Thank you, everyone,
Gotta love summer taxes! 😉
Dawn
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