QB Issue Resolution:
There is an entry you make for tax estimate calculations for your W2 info from your other, real job. You cannot pay yourself a salary from your QBSE business since QBSE is never appropriated for a Subchapter S corporation (the minimum entity where an owner can be an employee)
Whether you choose to leave money in your business or remove it has nothing to do with the profit of your business and as a small business owner with pass-through income your business cannot take a deduction for the money you remove from it. It is in fact all your personal money and your right to do with it as you please without tax consequence. Your profit, if any, transfers to your personal return.
Resolution for Issue 'Using QB self employed how do we categorize wages/salary? Income refers to income to the business not personal income or salary' available: Yes (Solved).
Source: Intuit Community forum.
Using QB self employed how do we categorize wages/salary? Income refers to income to the business not personal income or salary: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for business
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