My business partner and I have an S-Corp where I'm 51% owner and he's 49%. I'm a W-2 employee for the company and received slight wages in 2020 ($1,400). He is not employed by the company. Upon reviewing our K-1s, I'm confused. Both are showing W-2 wages - $714 for me (51%) and $686 (49%) for him. Why is this the case?
