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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

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 1120-S, Page 1.

• Repairs and maintenance, line 9
• Rents, line 11
• Advertising, line 16
• Other deductions, line 19

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

• Investment interest expense, line 12b
• Section 59(e)(2) expenditures, line 12c
• Other deductions, line 12d

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