Hi dmertz. I think you meant line 7 instead line8 since line 8 is not related to shareholder employees.
I am confused regarding elective deferral employee. Why it goes line 17 while it is not expense of S-Corp?
For employer, S-Corp match I can say is fine but for employee's match I did not understand why it goes line 17! Since it is employee match.
Another question for me is: can more 2% employee of S-Corp establish traditional 401-K? if not what about solo 401-K?
You said: Roth contributions would be included on Form 1120S line 8........or Line 7? Could you please explain more about this case for non-shareholder and more 2% employees. Please clarify when we have IRA TRADITIONAL what happens on W-2 and S-Corp side.
Thanks.
