ram1
Returning Member

I am the sole owner-employee of S corp and i issued myself W2. on my personal tax return should i enter this w2 amount in line 1 of form 1040?

If I include this w2 from s-corp, income from the same flows to Form 1040, line 1. But income from the s-corp w2 is already included in total income - Form 1040, line 6 since it has the s-corp K-1 wage amount from Schedule 1, line 22

This leads to the w2 income from s-corp counted twice in total income - Form 1040, line 6 thereby leading to double taxation. Please let us know how to resolve the same