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Yes, you are still materially engaged if you are the sole owner. Report the interest income on the S-Corp return. If you don't plan to continue this business, you may consider dissolving the S-Corp now to avoid having to file business returns in the future.
Yes, you are still materially engaged if you are the sole owner. Report the interest income on the S-Corp return. If you don't plan to continue this business, you may consider dissolving the S-Corp now to avoid having to file business returns in the future.
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