where shoud compensation of officers b reported on the form

where shoud compensation of officers b reported on the form 1120S

Form 1120S line 7

Form 1120S line 8

Form 1125E line 4

Form 1125E line 4 and Form 1120S line 7

Solution

Compensation of officers should be reported on Form 1120S line 7. It is also reported on Form 1125E line 4 if total gross receipts for the year exceed $500000 If it is assumed gross receipts exceed $500000, Option 4 is correct