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Profit Sharing for the owner
I am a full time professional and contributed $22,500.00 in my employment. My profit sharing is $18,000.00 with my employer.
Also, I do have an LLC (100% member) and did run payroll for $59,500.00 for self in my LLC during 2023. How much maximum Profit Sharing am I allowed to do in my LLC for TY 2023. Any thoughts, please?
‎November 15, 2023
2:20 PM