Common questions about S-corporation ordinary deductions in Lacerte

Below are solutions to frequently asked questions about ordinary deductions in Screen 15, Deductions of the S-Corporate module.

Most business deductions are listed from Accounting to Utilities. Then, the section called Other Deductions that can be entered under the heading of Other to the other deductions that aren't included elsewhere in the return. These deductions must include a description of each entry for the deduction and the amount. The program includes these amounts on Form 1120S, page 1, line 19 and prints a supporting statement.

Entering Amounts for Domestic Production Activity Deduction in Corporate Scorporate and Partnership

Entering Officers Salary for an 1120S Return

Entering Health Insurance Premiums (W-2) for more than 2% Shareholder (S-Corporation Module)