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Deductions & credits
You need to report the shareholders' W-2 wages before you can enter the medical premiums paid by the S-Corporation for them.
To enter the shareholders' wages in TurboTax Business you can follow these steps:
- Within your tax return, under Federal Taxes and Deductions, click Start on the Salaries and wages paid line
- Enter the gross wages paid for both shareholder-employees combined for Officers (>2% owners)
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March 7, 2023
2:56 PM