- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
When TurboTax asks about officer compensation they are really asking about the salary wages reported on W-2. Sorry the above answer provided is not clear, and there is a typo in it.
The money that was "left" in the business account, or distributions taken during the year is not considered officer compensation. Hope that helps.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 5, 2020
2:13 PM