@DavidS127, thank you for the detailed example. I agree that we shouldn't be penalized twice by reducing S corp income AND again reducing QBI by SEHI, but my software, Drake, does just that without overrides. I would hope the IRS would do away with the double reduction, but look at the ridiculous wording of the ERTC regarding S corporations - how can you make an exception for S corp owners who have children?
Anyway, my question to you is this: You mentioned a 60 day deadline for wages reported to SSA. Is that 60 days from the due date of the W-2 to the recipient (i.e. 1/31/22) or 60 days from the business tax deadline (generally 3/15/22, or maybe 60 days from the 1040 due date (4/18/22)?
I guess if we take a resonable position with support, we (as enrolled agents) could remove the double reduction of SEHI in the QBI.
