1120 line 12

cneedham12 · ‎05-05-2020

Should line 12 from 1120 - be reported on 1040 - as wages when filing corporation owner personal ?taxes

sjrcpa · ‎05-05-2020

The shareholder's W-2 from the corporation should be reported as wages on his 1040.

Ex-AllStar

IRonMaN · ‎05-05-2020

Once upon a time I would have made a comment about a post like this, but I get awfully lonely standing in that corner so I am just going to smile and move on 😁

Slava Ukraini!

qbteachmt · ‎05-05-2020

@IRonMaN

There are enough of us on that corner to start a doo-wop group.

*******************************
"Level Up" is a gaming function, not a real life function.

dd4vols · ‎05-05-2020

the 5-Star Google rated ones, have their own corner.... 🙂

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.

IRonMaN · ‎05-05-2020

We haven't seen Five Star for awhile. He must be too busy shining up those stars of his to pay us a visit.

Slava Ukraini!

1120 line 12

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.