Your answer is incorrect. Also I am very well aware that S-Corp income is passed through to 1040. No need to educate me on that. Please assume that I know a lot already. We are dealing here with W2 income only sourced from both corporations. Please do not assume that I need a tax professional because I am a dummy like most people asking questions here. I have been doing corporate taxes for many years. I have this new issue that I need help with from someone who has more knowledge than I do in this area.
