CSS Form employed by others or self employed

Redhounds
Wed, 30 Oct 2019 19:36:31 +0000

If you get a paycheck and a W-2 from your S-corp, you are an employee of the company and that is what you report as your wages. You should be taking a reasonable salary based on your industry unless you enjoy being audited and losing. Distributions are not part of your wages, but they are part of your AGI.