if your corporation paid you a salary on a W-2 box 1 then it would count as compensation. Profits on a K-1 is not. Self-employed income reported on the 1040 Schedule 1, line 3 minus lines 14 &15 counts.
See IRS Pub 590A "What is compensation" for what counts.
https://www.irs.gov/publications/p590a
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
