Thank you so much! It all makes much more sense now. I'm still a little tripped up on two questions.
1) Is it a qualified business?
2) Did he/she materially contribute to the business?
I haven't had time to check out all your links yet so you may have provided the answers for those questions. But that's all I have left now. Well, that and making estimates tax payments for this year but I think that's pretty straight forward. Your explanation was excellent!
