lr
Level 1

S corporations that have less than $500,000 in total receipts.  When I record on Form 1120S Smart Worksheet Line B for the shareholder compensation not on Form 1125-E, ProSeries does not show a deduction the shareholder compensation.  Line 21 Ordinary Business Income does not reflect the shareholder/officer compensation.  For ProSeries to reflect compensation on the correct line, I must put the compensation on Line 7 of the 1120S that is for Form 1125-E and complete Form 1125-E when not required to do so.  Why?  Is this an upcoming software fix?