Discussion:Material Participation of S/H - Wages necessary?
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Discussion Forum Index --> Tax Questions --> Material Participation of S/H - Wages necessary?
| 11 April 2008 | |
| I have two questions about a client's s-corp K-1. He was listed as a material particpant as per the PY tax return. I doubt that he was since he is an ER doctor. My question is this, if he is a MP does he have to have W-2 wages from the company? He is a 15% owner.
The other relates to the same K-1. There is a code Q (Employer's W-2 wages) under other deductions box 12. I've never seen this before. Can anyone shed some light on this for me? | |
| 11 April 2008 | |
| I just figured this out. It relates to the domestic production activites deduction sch 8903. | |
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