Skip to main content
Level 3
March 8, 2024
Solved

Sch K-1 Shareholder's Income, Deductions, Credits, etc - showing incorrect wages

  • March 8, 2024
  • 1 reply
  • 16 views

I entered the sole shareholders wages in the 'officer information' screen, and on the Sched K-1 breakdown of Shareholder's Income, Deductions, Credits, etc, is shows a completely different amount. Clicking the box takes me to a screen with no data.  Does anyone know what is feeding into this number and why it would be more than the actual wages.  Everything else seems to look correct on the return. 

    This topic has been closed for replies.
    Best answer by sjrcpa

    no, it would be great if I could click that field and it showed me what was actually in there, but it takes me to a tab that has blank fields.  


    Do you have COGS Labor?

    1 reply

    George4Tacks
    Level 15
    March 9, 2024

    Where are you seeing wages on the K-1? 

    Answers are easy. Questions are hard!
    kathleen4Author
    Level 3
    March 9, 2024

    Statement A—QBI Pass-through Entity Reporting (Schedule K-1, Box 17, Code V

    George4Tacks
    Level 15
    March 9, 2024

    Are there any other employees?

    Answers are easy. Questions are hard!