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Deductions & credits
@jtorres805 If the corporation had a profit and you took out money, you ALSO need to be on payroll with a W-2. That is required. And a W-2 from the corporation is "Earned Income". Income from the S-corporation on the K-1 is NOT "Earned Income".
If the corporation did not put you on payroll and issue a W-2, you really should go to a tax professional.
‎April 23, 2020
3:10 PM