TheConfusedTaxGuy
Returning Member

Get your taxes done using TurboTax

@Anonymous_ I completely understand that part. My specific question is when the $30K is taxed on my personal income tax when reported on the K-1, due to our high combined gross Income, could it be taxed at a greater rate than let’s say self-employment tax. I ask because if it can be greater I wonder if I should simply stay as an LLC vs LLC taxable as S Corp.