S Corp Yearly Loss and Carryover
Sep 13, 2024 · First, S corporations do not carry forward losses from one tax year to the next tax year; net business profits (income) and net business losses are passed through to the …
What do I mail in with an amended 1120S? - ttlc.intuit.com
Mar 11, 2025 · I read this on the IRS website but can't find the form. Where can I find it? " For Form 1120-S or Form 1120-F – Attach to the amended Form 1120S/1120-F, the XML …
Distributions to Shareholders....what form does that end up on?
Feb 17, 2025 · On Form 1120S Schedule K-1, distributions are reported on Line 16 using Code D. The list of codes generally supplied with Schedule K-1 shows the description for Code D as …
Form 1120-S
Feb 8, 2024 · Did you ever get the 1120s figured out? I’ve done the 1120s online last year on TurboTax business Online. No issues. This year I login and there’s no previous tax return. I …
I am concerned about the QBI deduction for S corp in the ... - Intuit
Mar 9, 2020 · TurboTax is calculating QBI correctly for S Corporations that adhere to the IRS rules for reporting shareholder compensation by including in shareholder box 1 W-2 income …
How do I file a final return for S-corp? If I didn't have any income …
Mar 4, 2025 · My S-corp had very little income in 2024 and no income in 2025. I want to close the company. How do I file a final return here?
Form 1120-S Schedule M-2 and schedule L questions
Feb 6, 2025 · I was wondering if the final amount on line 8 of schedule M-2 should be equal to the ending balance in my bank account for the year. I’m also wondering if this is the figure that will …
How do I enter STMT info for 1120S K-1 Box 17 Code V? - Intuit
Mar 6, 2024 · When you check the box for Form 1120S Schedule K-1 Box 17 and enter Code V, do not enter an amount. Instead, continue through the interview to the page " We see you …
Where do I report rental activity for an LLC? - Intuit
Dec 22, 2025 · Form 1120S includes Schedule K-1, which is given to each member of the LLC for use on their individual tax returns. Other LLCs (C-Corp) file rental activity on Form 1120 …
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Can I deduct health insurance premiums as an S corporation
Dec 18, 2025 · You may be able to use the Self-Employed Health Insurance (SEHI) deduction if you're at least a 2% shareholder in an S corporation.
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