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S corp deductions

Elisabeth
Level 1

I have an S Corp that is an investment and consulting corporation. Can the S Corp take the advisory fees charged in the investment account as a deduction on page 1?

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2 Comments 2
George4Tacks
Level 15
Screen 27 > Other Information > Investment expenses

Here's wishing you many Happy Returns
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Elisabeth
Level 1

I am confused about your reply. I know where to enter the expenses, I wanted opinions on whether or not the advisor fees which are normally misc itemized deductions for individuals, can be considered a business expense for an S corp that is in the business of investing.

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