TAMRANDY Posted March 27, 2009 Report Posted March 27, 2009 Where does the SEP contribution is deducted for a sole owner (officer) of the S Corp. (W-2 was issued for the officer). On the 1120S return or 1040 of the owner’s return? Quote
lsowers Posted March 27, 2009 Report Posted March 27, 2009 On the 1120S pg 1 on the line that says pension plans. Make sure they don't exceed the contribution limit. Quote
JohnH Posted March 27, 2009 Report Posted March 27, 2009 Also be sure the "Pension Plan" box was checked on the W-2 when it was issued. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.