Nevermind. Noticed I am blind, and completely missed the expense.

Dominique and Terrell are joint owners of a bookstore. The business operates as an S corporation. Dominique owns 65%, and Terrell owns 35%. The business has the following results in the current year: Revenue Business expenses Charitable contributions Short-term capital losses Long-term capital gains $ 2,600,000 1,560,000 54,000 4,440 7,400 Required: How do Dominique and Terrell report these items for tax purposes? X Answer is complete but not entirely correct. Total Dominique (65%) Terrell (35%) Reporting Schedule Revenues Expenses Ordinary income Charitable contributions SIT capital losses L/T capital gains $ 2,600,000 (1,300,000) X 1,300,000 $ 54,000 845,000 X $ 35,100 (2,886) 4,810 455,000 To Schedule E 18,900 To Schedule A (1,554) To Schedule D 2,590 To Schedule D 4,440 7,400