The salary/wages you paid yourself (reported on Form W-2) as an S-Corp employee are deduction for you S-Corp. They are also reported on Form 1125-E along with Form 1120-S as part of the S-Corp tax return. You K-1 will also reflect your W-2 wages on line 17 - Other Information, using Code V for Section 199A W-2 Wages. This entry may be needed to calculate your Section 199A deduction.
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