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1 employee/owner S-corp SEP max contribution limit who gets 1099 from customer. How to determine net earnings since the S-corp income goes to personal income tax return.
Can i contribute 25% of total amount in 1099 (i.e. amount in 1099 is basis for "net earnings" or "compensation") or do i need to subtract business expenses from them?
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‎December 28, 2020
5:18 AM