USA Officer Compensation on 1120.

[bizinfo]

Does the Officer Compensation on line 12 of form 1120 get carried forward to the individual's form 1040 as income???

 

[kirby]

You could reconcile the two amounts but they typically will not agree perfectly. For example, the 1120 can record salary expense to employee #1 in the amount of $X. But if employee #1 defers income through a 401K program then employee #1's 1040 wages amount will not agree to the 1120, but could be reconciled.