This widget could not be displayed.
25544
The following diagnostic is generating: The Section 179 expense deduction computed on Form 4562, Part I has been limited to the taxable income from the active conduct of a trade or business of the S Corporation. This taxable income amount should not include any deduction for compensation paid to shareholder-employees. The program has added back to taxable income $0 of officer compensation paid to shareholders entered in. You must enter any other amount of shareholder-employee compensation that is included in taxable income in under Section 179 Deduction (4562). The amount entered in should not include any amounts already entered in. Wondering why "taxable income amount should not include any deduction for compensation paid to shareholder-employees." Does it mean just wages, or distributions as well. All in all in doesn't matter because there were no wages paid in this short year, and also
