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Where can I see the Proseries tax calculation for S Corporation income that should be taxed at 21% flat tax rate? I cannot find the tax calculation worksheet

MDAROSA1
Level 3
 
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sjrcpa
Level 15

There isn't one. What makes you think S Corporation income should be taxed at 21%?


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5 Comments 5
sjrcpa
Level 15

There isn't one. What makes you think S Corporation income should be taxed at 21%?


Ex-AllStar
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dd4vols
Level 10
Level 10
smh………...
If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
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abctax55
Level 15
:+1::+1:
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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abctax55
Level 15

"What makes you think S Corporation income should be taxed at 21%?"

Or, taxed at any rate for that matter (with very few Federal exceptions....).

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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abctax55
Level 15

Are you thinking that the income passed thru via an S-Corp K-1 should be limited to a 21% tax on the F 1040?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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