Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
joel4110
New Member

If i am an employee of my sub-s and also take distributions, am i eligible for the 199a deduction?

 
1 Reply
Critter
Level 15

If i am an employee of my sub-s and also take distributions, am i eligible for the 199a deduction?

That is calculated on the S-corp return and passed thru to the personal return on the K-1 ... so it depends on what you have on the 1120S to pass thru... and hopefully the 1120S is completed or on extension since it was due 3/15/19. 

Dynamic AdsDynamic Ads
Privacy Settings
v