"togo" <bonme2002[at]aol.com> wrote:

- quote -


An S corp is generally a pass through entity.
Many items are separately stated.
Accordingly, most limitations apply at the individual level.
State treatment varies.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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I am a new business trying to understand .....Can a S corp
deduct any business losses, if so is it Schedule E to line
17 of the 1040 (if used)? If so does a dollar limitation
apply.

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >