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Level 2
April 14, 2023
Solved

How to Enter Unreimbursed Partnership Expense (UPE) for S Corp K-1s

  • April 14, 2023
  • 1 reply
  • 13 views

The UPE worksheet is always linked to the partner K-1 in ProSeries.  Where to enter the UPE related to S Corp K-1?

Thank you!

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Best answer by mm1

You don't. In an S-Corp you are considered an employee and if the taxpayer doesn't get reimbursed by the S-Corp then it is employee business expenses which are not deductible on the Federal return. I suggest he/she gets the S-Corp to reimburse all expenses in the future.

1 reply

mm1Answer
Level 5
April 14, 2023

You don't. In an S-Corp you are considered an employee and if the taxpayer doesn't get reimbursed by the S-Corp then it is employee business expenses which are not deductible on the Federal return. I suggest he/she gets the S-Corp to reimburse all expenses in the future.

gentlesamAuthor
Level 2
April 14, 2023

You are right.  Thank you!