S- Corp W-2

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  • EA Carol
    Junior Member
    • Feb 2007
    • 15

    #1

    S- Corp W-2

    Can the contribution to a retirement account be based on the amount in box 1 of the W-2 for the 2% or greater shareholder, takeing into account that the number has been inflated to include the amount paid for health insurance?

    Thanks for your help.
  • KJ Judd
    Senior Member
    • Jan 2006
    • 328

    #2
    Do a search on this topic, it's been covered before. And yes, you base retirement plan on Box 1 wages (including the S corp health).

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