Question
Pavel invested in an S corporation. He does not materially participate in the activity. There is $3,000 of ordinary business income in box 1 of
Pavel invested in an S corporation. He does not materially participate in the activity. There is $3,000 of ordinary business income in box 1 of his Schedule K-1. What type of income is this? Nonpassive income.
Other income.
Passive income.
Portfolio income.
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
