941 line 2 deferred compensation

USA Discussion in 'General Tax Discussion' started by Dennis G, Jan 12, 2019.

  1. Dennis G

    Dennis G

    Jan 12, 2019
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    I have a S Corp where I am the lone employee. I have set up a solo 401(k). When filling out the quarterly 941 form do I include on line 2 all wages including the deferred compensation amounts? Do I deduct the deferred compensation from the total wages?
    Thank you for any assistance.
    Dennis G, Jan 12, 2019
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  2. Dennis G

    kirby VIP Member

    May 12, 2011
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    Instructions for form 941 say that form 941's wages line must agree to your line 1 of your w2. Since your w2 line 1 will be your wages less the 401k deferral then same goes for form 941
    kirby, Jan 12, 2019
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