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nfisteve
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One-Employee S-Corp, where to categorize wages?

I have an S-corp and I am the only employee / officer / shareholder.  I simply paid myself wages last year (no distributions) and I have a W-2 for those wages.  When entering "Salaries and Wages Paid" in the Deductions section of TurboTax Business, do I put those wages under "Officers (>2% owners)" or under "All Other Employees" (Line 7 or line 8 of IRS Form 1120-S, respectively).

It seems that putting it under Officers is correct, but I'm not sure if this meant to be utilized only for officers who take distributions but are not really employees.  Thank you

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1 Reply

One-Employee S-Corp, where to categorize wages?

"Officers (>2% owners)

from the 1120S instrcutions

Enter on line 7 the total compensation of all officers paid or
incurred in the trade or business activities of the corporation. The
corporation determines who is an officer under the laws of the
state where it is incorporated.
Enter on line 8 the total salaries and wages paid or incurred to
employees (other than officers) during the tax year.

 

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