Hi All! I need help with an 1120S return.
1 100% shareholder in the S Corp - and they took $36,900 in W-2 salary in 2021 (the business took a $1,700 loss). I entered the W-2 salary amount under officer's compensation on deductions, but the K-1 on QBI Pass-through on the K-2 it says W-2 wages of $85,878. Not sure how to fix?
On the K-2? Or did you mean on the K-1?
Were there benefits, such as health insurance, employer retirement plans, etc. that may be adding to it?
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