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2-officer S Corp (50/50 ownership), wages were paid to one officer only, but the K-1 reflect 50/50 of those wages.
When entering the wages in Turbo Tax, there is no option to split the wages so the K-1's reflect the real wages paid to each officers. They are 50/50 ownership however the wages paid out are not 50/50. How do we adjust the wages reflect on the K-1's correctly?
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‎June 6, 2019
1:04 AM