WITAXLADY Posted May 9, 2014 Report Share Posted May 9, 2014 and I cannot get past the e-file error saying no SE income Financial Advisor said S corp counts and the $$ amount was established with her wages Was he wrong? Any options? S corp also did 3% matching as employee... She needs deduction. Thank you Quote Link to comment Share on other sites More sharing options...
Randall Posted May 9, 2014 Report Share Posted May 9, 2014 It must be based on W2 wages. Deduction comes on the 1120S in form of gross wages. Employer contribution deducted on 1120S as pension expense. So the lower amount is reported on 1040 passed thru K-1 schedule. W2 will show lesser amount in wages subject to income tax, so lower amount is reported on 1040. Nothing to do with SE income on 1040. 2 Quote Link to comment Share on other sites More sharing options...
Richcpaman Posted May 9, 2014 Report Share Posted May 9, 2014 and I cannot get past the e-file error saying no SE income Financial Advisor said S corp counts and the $$ amount was established with her wages Was he wrong? Any options? S corp also did 3% matching as employee... She needs deduction. Thank you Are you using ATX? Wouldn't this deduction all have taken place on the Corporate return and with a W-2? Nothing different on the 1040? Rich 1 Quote Link to comment Share on other sites More sharing options...
WITAXLADY Posted May 9, 2014 Author Report Share Posted May 9, 2014 oh thank you... duh! Quote Link to comment Share on other sites More sharing options...
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