qbteachmt
Level 15
06-14-2022
12:01 PM
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"He does have activity, just all the income and expenses are mixed with personal, he used his personal bank account."
That's not the issue. The issue is "Who" had the activity? Because an S Corp is its own entity, separate from the shareholders.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers