- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Hello MauryM
On TurboTax business desktop )if you are using the TurboTax business desktop version), when you click the salaries and wages paid tab, you will enter officer salary in the Officers (>2% ownership) section. If your business had employees, and you paid employees, make sure you note that in the about your business section (you will be asked if you paid any employees and/or contractors during the tax year). If that is not the case, then when you go to the salaries and wages paid tab, you will only be able to enter salaries and wages in the following sections: 1) Officers (>2% ownership), 2) Officers (<2% ownership), & 3) Shareholders (>2% ownership)
May 23, 2024
10:38 AM