Enter shareholder wages and Section 179 expense
Follow these steps to enter shareholder wages and section 179 expense.
- Select theIncome & Deductionsfolder, then the Inc screen.
- Enter the shareholder wages for each shareholder.
- Open theOfficer compensation statementwindow and selectYesfrom theShareholderdropdown for the shareholders as necessary.
The total amount of wages you enter for all shareholders transfers to Form 4562, Line 11 in determining the business income limitation for Section 179 expense. If you want to override this amount, go to the OthAsset screen in the General folder and enter the amount in the
Total shareholder employee wages (S Corp/Force)
field.
