On a 100% owned Sub S how to you report income to make it self employment income/
You don't. S Corp income is not subject to SE tax.
Thank you
The "self employment" tax is effectively paid by issuing that W-2 for the reasonable compensation provided.
There *was* a W-2 issued, right?
Shareholders working in the business receive W-2 wages. That's how they pay their Social Security and Medicare taxes.
@sjrcpa
Beat ya'
Jinx 😂
Of course. Thank you
Barely. 😀
