- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
The SEP-IRA contribution should be reported on the S corporation tax return, Page 1 on line 17 Pension, profit sharing, etc... plans. As such it will be subtracted from your S corporation income and reflected as a reduction of your income reported on the S corporation schedule K-1. It is allowed up to 25% of your wage compensation from the corporation.
**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"
‎April 5, 2023
1:14 PM