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if the only shareholders of a sub-s corp are husband and wife do distributions need to be proportionate to ownership or can they be considered as one.

jcfo
Level 1
 
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2 Comments 2
IRonMaN
Level 15

I would still keep them proportionate.


Slava Ukraini!
sjrcpa
Level 15

I once had an S Corp with 51%/49% husband/wife ownership. They couldn't do the math for the distributions.

We resolved by having the S Corp make the check out to both of them for deposit into their joint checking account.


Ex-AllStar