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QBI
My spouse operates a single member LLC and reports income on a schedule C. She provides counseling services and we do not pay her any W2 wages from the business. We do take a monthly distribution, but do not take this as an expense.
Should the business be paying her W2 wages?
Since we did not pay her W2 wages in 2019, do we have to somehow adjust the QBI benefit we received for the amount of these wages?
Thanks
Mike
Topics:
‎February 11, 2020
1:28 PM