W2 seems to need correction please advise:
LLC taxed as S-corp Owner receives a W2 .
S-corp contributed to HSA this is what current W2 looks like :
Box 1: 54045
Box 3 60000
Box 5 60000
12a 18500
12b W 6900
14 CASDI 634.50
14 Scorp Health 12545
16 57495.64
After reading up on the topic because something seemed off it seems 6900 should be in box 14 .
Could someone please look at the numbers and see of the entry that is currently in the boxes is correct or wrong ?
If I need to switch 12 W do I need to change the number in Box 1, 3, 5.
Could someone chime in how the numbers are derived for an s-corp owner with retirement contributions , HSA and Health (both paid by S-corp) for BOX 1, 3, 5 and 16 are derived I am especially not understanding Box 16 .
