My business is a single-member LLC taking the S-Corp election. I'm the sole officer and employee and pay myself a salary. I'm using QuickBooks for accounting, and up until middle of 2024 QuickBooks Payroll Service.
Every year when I import the data into TurboTax Business from QuickBooks, my salary gets mapped to Form 1120S Line 8 "Salaries and wages", and I'm unable to change it and move the amount to Line 7 "Compensation of officers". Every year in the TurboTax interview, I get the warning about not compensating officers, but if I enter the amount into Line 7, my salary is double counted since I'm unable to reduce the amount on line 8 "Salaries and wages. The box is UNEDITABLE.
How do I change this data that's imported into TurboTax? When I go to Tools | My Tax Data, I don't see the salary and wage numbers.
I was thinking about fixing this once and for all by changing the tax line mapping in QuickBooks, but QuickBooks Payroll Service lumped everything (wages, taxes, and even fees for QuickBooks Payroll Services) into "Payroll Expenses". So, either way, I'm going to need to be able to update the value on Line 8.
