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.

View solution in original post