S corp with 2 shareholders. On individual K-1,Line 17, proseries carries the total wages of both for Code W. That's incorrect. How do you get around this?

[cthomas428]

S-corp with 2 shareholders, each receiving a W-2. On Line 7 of 1120-S, their combined wages are shown, with the breakdown for each shown on 1125-E. Yet, for each Shareholder's K-1, the total combined wages are shown on Line 17, code W. This is wrong. It should show only that shareholder's W-2 wages. Seems like a software error in the flow of info to the K-1. Any way to get around this?

[TaxGuyBill · Accepted solution]

It sounds right to me.  Why do you think it is wrong?

Code W in Box 17 of the K-1 is based on all of the wages that the corporation paid, not just the one specific shareholder's wages.