I became a partner of a hospital last year. I set up a S Corp and receive K-1 from the hospital . The hospital had a deduction of $18K for my 401K, $35K for my 401K Match, $5K for dependent care, and $30K for my defined benefit, which these amounts showed on my K-1. I am an employee of my S Corp, in which I receive a paycheck every month. Now, my question is: should I add my 401K amount of $18K, dependent care, and my defined benefit to my W2, box 10&12, and deduct $18K+$30K=$48K from my wages, which is box 1? Or should I just leave it a blank on my W2, and have them pass-through from my K-1 when I file my tax return?
