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Level 2
March 14, 2020
Solved

Do I enter income for an S-Corp owner on the 1120S that was reported on a W2 with his SS, or should this income be reported on line 7 of his 1040?

  • March 14, 2020
  • 4 replies
  • 23 views
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Best answer by Terry53029

On owners 1040, not on 1120 all s corp owners should have a W2, and possibly a K1 

4 replies

Intuit Community Champion
March 14, 2020

On owners 1040, not on 1120 all s corp owners should have a W2, and possibly a K1 

Level 2
March 14, 2020

Thanks

Intuit Community Champion
March 14, 2020

Glad to help