You'll need to sign in or create an account to connect with an expert.
The S-corp shareholder's compensation is the amount reported on the shareholder's W-2 from the S corp. It's what the S corp paid the shareholder in wages or salary.
S corp shareholders receive a W-2, not a Form 1099-NEC or 1099-MISC. S-corp shareholders are employees of the S corp. They are not self-employed.
If this is your first year having an S corp, you should get professional help. Making mistakes with an S corp can be quite costly.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bethfly
New Member
turbobruce0524
New Member
helloTT102
New Member
iJeff
New Member
5351ea506cfa
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.