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August 31, 2024
Question

Non deductible expense

  • August 31, 2024
  • 1 reply
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We run an event each year and fly our daughter /her husband and their kids into town to run the event as event managers (employees).  Our S corp buy the tickets for the whole family but the kids do not work the event so I assume we can not deduct the cost of their tickets.  Would I show their kids flights as a non deductible expense?    On the 1120S do we have to list what the non deductible expenses are?  I don't want to muddy the waters and raise any flags and would like advice on the best way to do this moving forward.  Thanks for the insight.