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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4322
Experience:  35 years tax experience, including four years at a Big 4 firm.
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Where do i report compensation of officers single owner s

Customer Question

Customer: where do i report compensation of officers for a single owner s corp on my 1040? I have completed my business return and I am working on my personal return
JA: Thanks. Can you give me any more details about your issue?
Customer: I filed my 1120s with compensation of officers at 35,000 and ordinary business income (loss) at 35,415
I am not sure where to include that compensation - I did not file any other forms
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Submitted: 1 year ago.
Category: Tax
Expert:  PDtax replied 1 year ago.

Hi. PDtax here. Do you still need help?

Expert:  PDtax replied 1 year ago.

Unless you paid in the social security, medicare and other taxes, I would report the s corp income that should be wages as directors fees or rent or other income. Firm 1040, line 21 I think.

Thanks from just answer. Positive feedback is appreciated. I'm PDtax.