If Code W, LIne 17 Schedule K-1, represents Wages, can anyone explain me why owning 3 small companies, and all they show different amount W Code Line 17?

[DanielV01 · Accepted solution]

Box 17 Code W refers to Section 199A wages.  These are the qualifying wages that the S Corp paid to everyone, not just the S-Corp shareholder.  The amount of the qualifying wages are totalled in Schedule K of Form 1120S, and then distributed to all of the corporation members according to their shareholder percentage of stock.  That figure in Box 17 code W does not get included in your wages, but is used to help determine how much QBI may qualify for the Section 199A deduction.  This FAQ gives more information on this:  https://ttlc.intuit.com/replies/7019998