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TurboTax splitting W-2 Wages among Shareholders on Statement A-QBI Pass-through Entity Reporting
Last year, we had one employee (also a shareholder) that receives W-2 wages. There are two shareholders in the S-Corp, and we are filing our 1120S using TurboTax Business.
On the Statement A - QBI Pass-through Entity Reporting (on the K-1s), TurboTax is splitting the "W-2 Wages" among each of the Shareholders based on their shareholder %s. Shouldn't 100% of the "W-2 Wages" be paid to the employee/shareholder that was paid the wages on their W-2?
NOTE: we are not using TurboTax to file our W-2s, we are using our payroll processor...so TurboTax doesn't know which employees are paid W-2 wages.
How do I correct this? Thank you in advance!
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‎February 10, 2020
7:15 PM