Business & farm
To add a couple of screenshots (taken from TurboTax Business Desktop 2023) to dsoile's answer above:
When you are answering the initial questions in the About Your Business section, there will be one that asks if you paid shareholders, employees, or contractors of the business. Answer Yes and then turn on the appropriate checkboxes. You, in this case, are considered a shareholder owning more than 2% of the company. If you also paid other employees, you would check that box, too.
Then, in the Compensation and Benefits section of the Federal Taxes | Deductions tab, you'll see an option for Salaries and wages paid. That leads you to this screen -- the "Explain This" hyperlink provides additional detail about what amounts are entered where:
Continue to fill in the remaining sections of the Compensation and benefits section -- including:
- Retirement plan contributions
- Insurance, health and other benefits
- Payroll taxes
The final spot that asks about officers and other employees is when you are entering Electronic Filing Information, just before finalizing your return. I've filled this screen out as if there were one officer and two other "regular" employees. The total of those two boxes should equal the number of W-2s that your company issued.
