1463207
For self-employed S-corp (no other employees) I received $30,000 in wages, of which $25,000 was contributed to 401K as employee contribution. In the Business program, for salaries/wages do I enter $30,00 or $5,000 ? W-2 Box 1 is $5,000.
Also, for retirement plan contributions, the PC employer contribution to 401K was $5,000. For that question I assume I enter $5,000, not $30,000 (which is total of both employer and employee contributions).
Thank you !
You'll need to sign in or create an account to connect with an expert.
$5,000 was contributed by the company. Follow these steps:
$5,000 was contributed by the company. Follow these steps:
Hi, that's what I had done but wanted to confirm. Thanks much Amy !
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
DennisK1986
Level 2
user17522541929
New Member
SterlingSoul
New Member
mcf4
New Member
Rojees82
New Member