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April 9, 2024
Question

Where do i put income (salary) from an S corp? no w2

  • April 9, 2024
  • 2 replies
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2 replies

VolvoGirl
Employee
April 9, 2024

What did you get?  Did you get a K-1?  You need to use the Premium version to enter a K-1.

 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

wrla_voieAuthor
April 9, 2024

did that when I filed my s corp taxes...

VolvoGirl
Employee
April 9, 2024

Yes but you have to enter the K-1 that the S corp return prepared and enter it into your personal return.  That is your income.  

DaveF1006
April 9, 2024

To clarify, did you have federal income and FICA taxes withheld?

 

@wrla_voie 

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wrla_voieAuthor
April 9, 2024

no