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I can help you enter the S-Corp amount, jenny.garrity.
Here are the steps:
Afterward, you can enter the amount in the S-Corp column when creating paychecks.
Always swing by if you need help with anything else. I'm here to help you some more.
I'm trying to record a year end payroll to enter the annual S corp shareholders health insurance into QBO so it will be included in boxes 1 and 14 on the W-2.
We don't want any withholding.
It is not subject to FICA tax.
The employee/shareholder has this pay type already set up.
How do I run this year end "payroll"
I'm glad you've found your way to the Community, LEM1.
Let me help you run your year end payroll with the annual S-Corp insurance in QuickBooks Online (QBO).
Since you've already set up a pay type for your employee, you can now run payroll under Fridge benefits.
You can refer to my screenshot below for a better view.
In case you'd like to run a year-end payroll report, you can check out this article: Run year-end payroll and employee reports.
If you require help from a live technical support, you can give our QuickBooks Payroll Team a call so they can guide you through the whole process of creating prior payments.
Here's how to reach us:
If there's anything else you need or questions while entering prior payroll in QBO, don't hesitate to let me know and I'll get back to you.