DavidD66
Expert Alumni

Get your taxes done using TurboTax

Officer and Shareholder compensation is added by going to:

  • Federal Taxes
  • Deductions
  • Compensation and Benefits
  • Salaries and Wages

The first screen after clicking on Salaries and Wages is the entry screen for Officers and Shareholders.

 

Distributions to the Shareholder are entered in the "Shareholder Information" section.  Click on Shareholder Information, and you will be asked "Did [shareholder] take money or property out of the corporation during the tax year other than salaries or loans?"  Answer "Yes" and click Continue.  On the next screen you will enter Distributions to Shareholders.

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