I have filed the appropriate K1 taxes for my personal income taxes this year. My two questions are as follows:
1) My company said they would reimburse me for the federal and state taxes associated with the K1 taxes. Is that reimbursement tax free since it's an expense that I paid for out of my own pocket originally?
2) My accountant did the Qualified Business Income (QBI) deduction based on section 199 code V. Is there any issue with that approach as long as the K1 has the section 199 code V?
