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Where do i report compensation of officers single owner s

Customer Question
Customer: where do i report...
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: 2 years ago.Category: Tax
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10/16/2015
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 2 years ago
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4,714
Experience: 35 years tax experience, including four years at a Big 4 firm.
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Hi. PDtax here. Do you still need help?

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Tax Professional: PDtax, Certified Public Accountant (CPA) replied 2 years 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.

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PDtax
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4,714
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Experience: 35 years tax experience, including four years at a Big 4 firm.

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