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kbny061
New Member

Materially Participated in S -Corp

I have 19% share in a plumbing business.  I receive a W2 from the business for actual work I do as plumber.  I also get a K1.   Am I considered to have materially participated in the business?  80% of my time is spent on the field working.  

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‎April 3, 2024 1:02 PM
last updated ‎February 11, 2026 1:15 AM
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Anonymous_
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Materially Participated in S -Corp

 

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‎April 3, 2024 1:17 PM
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Anonymous_
Level 15

Materially Participated in S -Corp

 

‎April 3, 2024 1:17 PM
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