1120-US: Calculating the Other deductions lines on the S Corporation Tax Return History Report (FAQ)

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Question

How is the Other deductions lines on the S Corporation Tax Return History Report calculated?

Answer

The Other deductions line on Page 1 of the Tax Return History Report is the sum of the following amounts on Form 1120S, Page 1.

The Other deductions line on Page 2 of the Tax Return History Report is the sum of the following amounts on the Form 1120S, Schedule K.

Note: The domestic production activity amounts included on Schedule K, line 12d are also included in the Other deductions line on the Tax Return History Report. However, the domestic production activity amounts are not included in the S Corporation taxable income (loss) line on the Tax Return History Report.

Related topic: 1120-US: Tax Return History Report FAQs

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