ILLMAS Posted June 15, 2021 Report Share Posted June 15, 2021 I have client that issued a 1099 to an S-Corp to a vendor, the vendor preparer entered the withholdings on line 23a of the 1120S, what is the proper line on entering the backup withholdings on a 1120S (a first for me)? Thanks Quote Link to comment Share on other sites More sharing options...
jklcpa Posted June 16, 2021 Report Share Posted June 16, 2021 3 hours ago, ILLMAS said: I have client that issued a 1099 to an S-Corp to a vendor, the vendor preparer entered the withholdings on line 23a of the 1120S, what is the proper line on entering the backup withholdings on a 1120S (a first for me)? Thanks It goes on line 13g of Schedule K for "Other Credits", and use code letter "O" is for backup withholding. It then flows to Sch K-1, box 13, also code "O". 1 2 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.