I am talking about a CA S Corp. with only 1 commercial property in it. (Why the lawyer used an S Corp is beyond me.)
I have seen this done 2 ways.
One, the $800 minimum tax is the only item on page 1 of the Form 1120S on line 12, Taxes and Licenses. All the property rents and expenses are on Form 8825.
Two, the $800 minimum tax is NOT on page 1 of the Form 1065 on line 12, Taxes and Licenses. Page 1 of the 1120S has NO amounts on it. The $800 minimum tax is included (in Taxes line 11) with all the property rents and expenses on Form 8825.
I know it's six of one or half a dozen of another, but I am just curious how other practitioners handle this.
Thanks.