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Business & farm
Typically, owning 90% of a S-corp does not make you self-employed, so you would not be able to take these deductions. Schedule K-1(1120-S) is passive income for your ownership. If you work in the business, you should report a W-2 for time worked in the business (as applicable for all corporate structures).
‎June 6, 2019
6:52 AM