cneedham12
Level 1
‎05-05-2020 03:15 PM

Should line 12 from 1120 - be reported on 1040 - as wages when filing corporation owner personal ?taxes

0 Cheers
sjrcpa
Level 15
‎05-05-2020 03:16 PM

The shareholder's W-2 from the corporation should be reported as wages on his 1040.


The more I know the more I don’t know.
IRonMaN
Level 15
‎05-05-2020 03:39 PM

Once upon a time I would have made a comment about a post like this, but I get awfully lonely standing in that corner so I am just going to smile and move on 😁


Slava Ukraini!
qbteachmt
Level 15
‎05-05-2020 04:04 PM

@IRonMaN 

There are enough of us on that corner to start a doo-wop group.

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Don't yell at us; we're volunteers
dd4vols
Level 10
Level 10
‎05-05-2020 04:24 PM

the 5-Star Google rated ones, have their own corner....  🙂

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
IRonMaN
Level 15
‎05-05-2020 04:43 PM

We haven't seen Five Star for awhile.  He must be too busy shining up those stars of his to pay us a visit.  


Slava Ukraini!