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April 3, 2024
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Materially Participated in S -Corp

  • April 3, 2024
  • 1 reply
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I have 19% share in a plumbing business.  I receive a W2 from the business for actual work I do as plumber.  I also get a K1.   Am I considered to have materially participated in the business?  80% of my time is spent on the field working.  

    Best answer by Anonymous_

     

    1 reply

    Employee
    April 3, 2024