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Hopefully someone will have a quick answer for me on this, as I can't determine it from the instructions.

I am the sole employee, shareholder and officer of my little S-Corp, and have been paying myself a salary and have been putting a portion of that salary into my 401(k).

On line 7 (Compensation of Officers) of the 1120s it asks me to enter compensation to the officers and to exclude "salaries and wages reported elsewhere on the return such as ... elective contributions to section 401(k)..."

So, one might assume that you would enter the amount I deferred would be entered on line (Pension, Profit Sharing, etc Plans), but the instructions there state that I should enter the "deductible contributions not claimed elsewhere on the return made by the corporation for its employees..."

So, should I put my total salary in line 7, or should I put my salary minus 401(k) contributions in line 7, then enter the amount deferred to my 401k in line 17.

Third option being who cares, the number work out either way.
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