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how does guranteed payments affect an S corp? If only one person in the S corp gets a guranteed payment, dont we have to record
how does guranteed payments affect an S corp? If only one person in the S corp gets a guranteed payment, dont we have to record an M1 to increase the income of the S corp? however doesnt this mean every k-1 shareholder has to pay more taxes since their income before split will be higher even though they didnt get a guranteed payment? please clarify
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