kgcpa0899
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12-07-2019
09:12 AM
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An S Corp is a silent partner in an active business and receives income that is considered passive due to lack of material participation. The S-corp then issues a k-1 to the 100% shareholder that runs the S Corp. Will the 100% shareholder claim the income from the k-1 of its s-corp as active or passive income.
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