(a) Consider whether Alice is entitled to a§ 199A deduction with respect to her income from Chez's business. (b) Same as (a), above, except Chez does not pay Alice any salary, so that her share of net profits from the business is $1.1 million.
(a) Consider whether Alice is entitled to a§ 199A deduction with respect to her income from Chez's business. (b) Same as (a), above, except Chez does not pay Alice any salary, so that her share of net profits from the business is $1.1 million.
Chapter22: S Corporations
Section: Chapter Questions
Problem 36P
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Answer both the subparts a and b.if answered within 45mins,it would be helpful!!
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