I have an S-Corp with 2 officers which are also shareholders and 1 part time employee, which has no shares in the S-Corp.
The officers shareholders are also employees (are paid W-2 wages) and together they own 100% of the S-Corp.
On the 1120S form, line 8, I have the total wages for all 3 employees (ex. officer 1 7k, officer 2 7K, part time employee 3k), total 17K.
Since only the two shareholders receive a K1, their respective K1s contain their respective wages (7k in each individual K1). However, Turbotax for Business (desktop) does not let me proceed because the 1120 line 8 (17k) does not match the sum of the K1 W-2 wages (14k).
What am I missing? Am I doing something wrong?
Thank you very much for any suggestions you might have.
