Hi,
I have a S Corp LLC and opened 410k this year, and contributed employee portion of $22,500 deferred compensation for 2023.
If the box 1 wage from W2 is $100,000 and as an employer, I contribute 25% of the wage - $25,000
My question is
1. Where do I report the $22,500 deferred compensation on 1120S?
2. Do I report the employer contribution - of $25,000 on form 8881, line 6b?
3. If yes on question #2, do I still report the $25,000 on 1120S line 17a?
Thanks!
