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D
DRMCGILL2126
April 9, 2025
Question

where to enter w2 wages for s corp - in k1 & w2 or just w2

  • April 9, 2025
  • 1 reply
  • 0 views

As a 100% s corp owner I pay myself a wage and get a w2 from my s corp. 

 

Do I enter this w2 wage in the "w-2 wages for this business" field for the k1 in the 199a income field in the picture below? or leave this blank and enter the w2 in the personal w2 section - or both?

 

 

 

    1 reply

    M
    MinhT1
    April 9, 2025

    On the S-Corp tax return (form 1120S), you will enter the wages as an expense when entering the expenses for the S-corp.

     

    TurboTax Business will automatically transfer these wages to the QBI section.

     

    On your personal return (form 1040), you enter your form W-2 as income.

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