Problem with K1 Statement A - QBI Pass-through Entity Reporting W-2 Wages
I have an S-Corp that i own 100%. The business does generate 100% Qualified Business Income. My question is that the one K1 for the business generated with TurboTax shows W-2 wages that are exactly double the actual W-2 wages reported on line 7 (Compensation of Officers) of the corresponding 1120-S created with TurboTax. I am the only officer and employee of the company which is reflected in form 1125-E. The 199A Worksheet by Activity shows the W-2 wages on line 8a correctly, but then shows an adjustment in line 8b that matches 8a and thus the adjusted wages in 8c are double what they should be. The "Data Source" and "Quick Zoom" options for 8b are not available so for the life of my I can't figure out where this "adjustment" in 8b came from.
Any ideas? Thanks!
