Enter shareholder wages and Section 179 expense

Follow these steps to enter shareholder wages and section 179 expense.
  1. Select the
    Income & Deductions
    folder, then the Inc screen.
  2. Enter the shareholder wages for each shareholder.
  3. Open the
    Officer compensation statement
    window and select
    Yes
    from the
    Shareholder
    dropdown for the shareholders as necessary.
The total amount of wages you enter for all shareholders transfers to Form 4562, Line 11 in determining the business income limitation for Section 179 expense. If you want to override this amount, go to the OthAsset screen in the General folder and enter the amount in the
Total shareholder employee wages (S Corp/Force)
field.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close