Officer's compensation

On the Inc screen, located under the
IncDed
folder, the
Officer's compensation (S Corp)
field is required to complete certain State returns. Enter the gross amount of officer's compensation before reduction for employment credit wages.
UltraTax CS automatically reduces the amount you enter in this field by the calculated current-year credit fields on Form 5884 Work opportunity credit, Form 8844 Empowerment zone employment credit, Form 8845 Indian employment credit, and Form 8932 Employer differential wage payment credit.
The automatic reduction to officer compensation is done when you enter data in the
Officer's compensation percentage
or
amount
fields for the respective credit form in the
GBC-1, GBC-3, GBC-4, or GBC-6
screens in the
Credits
folder.
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