Greetings,

Since I am going to try to file my own individual tax for the first time using TURBO tax, I do have few questions to make sure some details.
Firstly my current status are as follows.

- I'm a full time employee from 'A' company .

- In 2010 my friends and I have formed S corporation ( Let's call this 'B' company ) and I have 30% share. There wasn't any profit nor have I received any payroll from this company yet. And this
company will file its corporate tax soon.

Here goes my questions.

- Besides the 1040 and IT-201 for individual tax, do I need to file additional tax report because I'm a share holder for the 'B' company? Such as schedule C ? Or just adding W-2 form from 'B' company, even if there wasn't any payroll, for the individual tax report suffice?

- I have spent $2,000 for the medical insurance last year (as a voluntary adjustment which they deduct this amount before tax ). Is it deductible anyway as a 'medical' expense?

- I have spent $5,000 repaying for the student loan last year. Out of that amount $450 was an interest. In that case only $450 is tax deductible correct?

- For the 30% sahre of 'B' company, I have contributed $2,500 . Is this amount tax deductible in any way?


Thank you in advance and I'll look forward for your updates.

Regards,