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Business & farm
....Or did you set up two different LLCs, apply for EINs for each one, and then make elections for the LLCs to be treated as S corporations for federal income tax purposes (i.e., by filing Form 2553)? [I noticed you used both the "LLC" and "S corp" tags]
Regardless, @Critter is correct (if these are to be treated as S corps); you are an employee and also an owner. Moreover, you need professional tax guidance at this point in time.
‎August 28, 2019
6:24 PM