Skip to main content
Level 3
February 18, 2024
Question

Business use percent input to 1120S

  • February 18, 2024
  • 2 replies
  • 8 views

Where to put in the business use percent for an asset in Pro-Connect for an S-Corp

    This topic has been closed for replies.

    2 replies

    qbteachmt
    Level 15
    February 19, 2024

    Is there an S Corp asset that is other than 100% for business? What is the asset and the nonbusiness user of it?

    Don't yell at us; we're volunteers
    Level 3
    February 19, 2024

    There is a computer that is used only partially for business.

     

    IRonMaN
    Level 15
    February 19, 2024

    Then it shouldn't be in an 1120S entity.  Schedule C type entities can have mixed usage, but not corporations

    Slava Ukraini!
    abctax55
    Level 15
    February 20, 2024

    Where to put?

    Nowhere, unless you consider  W-2 as the place to put it.

    HumanKind... Be Both