qbteachmt
Level 15
03-14-2020
12:32 PM
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Just further clarification: "reported on a W2 with his SS"
Both of these are Personal, both are listed on the 1040, and they go on Separate lines.
The 1120S is for all business activities. Whoever prepares the 1120S is supposed to also issue a K-1 to each shareholder.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.