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kubie1
New Member

Can deferred compensation reported on a W2 be combined with my wife's small business income to form a sum from which business expenses can be deducted?"

 
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Accepted Solutions
Coleen3
Intuit Alumni

Can deferred compensation reported on a W2 be combined with my wife's small business income to form a sum from which business expenses can be deducted?"

No, your deferred comp has nothing to do with business income and expenses. This is an amount that is being deposited in to a retirement account for you.

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2 Replies
VolvoGirl
Level 15

Can deferred compensation reported on a W2 be combined with my wife's small business income to form a sum from which business expenses can be deducted?"

Huh?  How do you mean?
Coleen3
Intuit Alumni

Can deferred compensation reported on a W2 be combined with my wife's small business income to form a sum from which business expenses can be deducted?"

No, your deferred comp has nothing to do with business income and expenses. This is an amount that is being deposited in to a retirement account for you.

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