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Level 3
December 7, 2019
Solved

1120S K-1 Box 17, Code W is showing all the Salaries and Wages for the entity, not just the shareholder/ how do I fix this?

  • December 7, 2019
  • 1 reply
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Best answer by George4Tacks

Why do you think it needs to be fixed?

There are override entries in Screen 33 = USE WITH CAUTION

1 reply

George4Tacks
Level 15
December 7, 2019

Why do you think it needs to be fixed?

There are override entries in Screen 33 = USE WITH CAUTION

Answers are easy. Questions are hard!
Level 3
December 7, 2019
Instructions say to report he Wages reported to "you" , it is including "all" wages paid to staff on the K-1 of each shareholder, not just their own wages.