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Business & farm
S-Corp, 2 Employees (Wife & I), How do we capture self-employment tax as an expense?
If the S corporation paid each of you a salary and filed the requisite forms (e.g., 941s, W-2s, etc.), then you only need to enter your W-2s into TurboTax, as well as the K-1s you each received from the corporation.
Note that you are not self-employed; you are employees of the S corporation.
ā€ˇFebruary 19, 2023
7:51 AM