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Level 2
December 7, 2019
Solved

S Corp Law firm, K-1 to 25% owners share of S Corp earnings, $100,000. 25% owner, single, will have less than $150,000 agi. Does 25% owner have QBI and can take QBID??

  • December 7, 2019
  • 2 replies
  • 17 views
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Best answer by IRonMaN

Sounds like you could have a winner

2 replies

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Sounds like you could have a winner

Slava Ukraini!
Ernie
Level 7
December 7, 2019

I agree with the coyote, one thought - you did pay reasonable wages in the S-Corp and not just distributing the profits on a K-1 right?