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Wages paid to our employees show up in owners' Statement A QBI pass through entity report(199A) W-2 wages section
Hi, we have filed our Form 1065 and each owner is working on their own tax return with their own K-1 form. And we found we have W-2 wages on our Statement A QBI pass through entity report(199A). When we add the amount up, the number is equal to the wages we paid to our employees which is also the number we entered at the deduction section. We owners never get W-2 since our business is losing money now. Is this an error, should we amend our 1065 tax file? Also, on our K-1, box 20, we have Z*STMT.
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‎April 7, 2020
11:20 PM