TaxGuyBill
Level 15
05-02-2020
02:57 PM
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@mvp2885 wrote:Finished an 1120. Officer had $25,000 in "compensation of officers" line 12.
If you finished the 1120, YOU need to know what that "compensation" is. In most cases, that means they received wages and have a W-2. Assuming that is the case, you enter the W-2 on the 1040.