Hi qbteachmt. Thanks, but my title says S-Corp, form 1125-E  for shareholder compensation in S-Corp in line 7 I meant that I forgot to mention 1125-E instead SCH E sorry. Yes; it is late for 401-K, I know.

My question is: when an employee contribute to 401-k for example $8000, on W-2 box1 and box 3 are different, box 1 is lesser. On the S-Corp side, what number goes on line 7 or form 1125-E. If number box 1 goes in there it is lesser than the reasonable comp which considered for shareholder employee for $80000.