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Level 2
posted Feb 14, 2025 4:14:51 PM

How do you edit salaries and wages paid?

My business is a single-member LLC taking the S-Corp election. I'm the sole officer and employee and pay myself a salary. I'm using QuickBooks for accounting, and up until middle of 2024 QuickBooks Payroll Service.

 

Every year when I import the data into TurboTax Business from QuickBooks, my salary gets mapped to Form 1120S Line 8 "Salaries and wages", and I'm unable to change it and move the amount to Line 7 "Compensation of officers". Every year in the TurboTax interview, I get the warning about not compensating officers, but if I enter the amount into Line 7, my salary is double counted since I'm unable to reduce the amount on line 8 "Salaries and wages. The box is UNEDITABLE.

How do I change this data that's imported into TurboTax? When I go to Tools | My Tax Data, I don't see the salary and wage numbers.

 

I was thinking about fixing this once and for all by changing the tax line mapping in QuickBooks, but QuickBooks Payroll Service lumped everything (wages, taxes, and even fees for QuickBooks Payroll Services) into "Payroll Expenses". So, either way, I'm going to need to be able to update the value on Line 8.

0 1 5754
1 Replies
Level 2
Feb 14, 2025 5:43:20 PM

OK. I figured out the workaround myself. You basically need to skip the QuickBooks import initially, manually add a dummy value into the "Salaries and Wages" box, and then import QuickBooks afterward. This will forever enable the editability of Line 8.

 

Here are the steps.

  1. Create a new return and follow prompts.
  2. When you get to the start of the "Federal Taxes - QuickBooks" subsection, select "No thanks. I'll enter my QuickBooks info manually." and click "Continue".
  3. Select View | Forms from menu.
  4. Navigate to Form 1120S p1-2 in form list.
  5. In the "Salaries and Wages (less employee credits) Smart Worksheet", click in the textbox for "A Salaries and wages" and click the + button that will appear to the left of the box. 
  6. After the "Supporting Details" dialog pops up, enter "0" in the "Amount" column of the first row and close the dialog.
  7. Select View | Step by Step from menu.
  8. Select "Federal Taxes - QuickBooks" subection.
  9. Select "Yes. Let's import from QuickBooks to save time." and click "Continue".
  10. Select the QuickBooks file to import from and click "Continue".
  11. From the "Replace Existing Information" dialog, click "Add".
  12. Select View | Forms menu.
  13. Navigate to Form 1120S p1-2 in form list.
  14. In the "Salaries and Wages (less employee credits) Smart Worksheet", click in the textbox for "A Salaries and wages" and click the + button that will appear to the left of the box.
  15. After the "Supporting Details" dialog pops up, blanking out the value imported from QuickBooks, and update the zero value in the first line with the correct value as needed.