Skip to main content
Lacerte Diagnostics
Moderator
November 20, 2020

6334

  • November 20, 2020
  • 0 replies
  • 7 views

The following diagnostic is generating:

S-Corporation #{PrefixNum}: Unreimbursed Expenses were entered on an S-corporation K-1. Several tax court cases have held that Unreimbursed Expenses are not deductible by S-corporation shareholders on Schedule E. See the help for input code "Unreimbursed Expenses (enter as positive) [Adjust]"(Screen 20.2, code 2) in the S-Corporation K-1 input screen for more detail.

 

Solution:

Help Article 

This topic has been closed for replies.