topic S Corp QBI W2 Amount in Deductions & credits

S Corp QBI W2 Amount

vikalp77 — Wed, 11 Feb 2026 03:44:48 GMT

For a single member S corp under 50 year old. He has drawn $70000 as gross wages.

Break up us

$37584 Box 1 wages

$22500 Solo 401k Employee deferal

$7750 Employer HSA contribution for family

$4166 Health insurance premium for marketplace and private dental and vision

So my question is what should be wages reported on Schedule K1 for QBID section 19AA.

Should it be $70K or less?

Re: S Corp QBI W2 Amount

Mike9241 — Mon, 12 Feb 2024 17:43:07 GMT

see REV PROC 2019-11 section 5 and then choose one of the 3 methods.

https://www.irs.gov/pub/irs-drop/rp-19-11.pdf

Re: S Corp QBI W2 Amount

vikalp77 — Mon, 12 Feb 2024 19:31:19 GMT

Thanks for the document. I read through all the three options.

If I choose option 3, then it gives highest reportable W2 wages.

Does it mean I will have to correct my W2 as well and report the box 12 wages reprorted under code D, added back to taxable witholding wages?

In other words, I can get QBID on my 401k contribution but I have to loose tax deferal on those. Its one or other. Is it true understanding?

Also any amount eported inder Box 12 , W and DD are not counted as wages for QBID purpose. Is that correct understanding as well?

Re: S Corp QBI W2 Amount

RobertB4444 — Fri, 16 Feb 2024 00:29:41 GMT

No, for method three you will take the total of box 1 and the amount coded D, E, F, G or S. In your example that means adding $37,584 and $22,500 for a total of $60,084. There is no need to amend the W2.

The amounts coded W and DD are not included.

@vikalp77