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??
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??
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?
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