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For my Sole Proprietor LLC taxed as an S-Corp do I enter my "W-2 wages" from my 199A in as W-2 Income? I read you can't file a W-2 if it's a Sole Proprietor LLC?
I'm a little confused about how to enter my 199A W-2 Wages from my K-1.. I've already filed my business tax return for my Sole Proprietor LLC taxed as an S-Corp and am now filing my personal taxes but I was wondering if my "Compensation of officers" from my 1120-S aka "W-2 wages" from my 199A Statement A Summary is included already when I input my K-1 information or if I need to add that amount as W-2 wages for myself (it doesn't seem right since I don't think you can file a W-2 for yourself if it's a Sole Proprietor LLC)..
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‎September 15, 2023
4:46 PM