thepensionmaven Posted December 1, 2001 Posted December 1, 2001 I believe K-1 income for an owner of an S- Corp can not be used as active income in determining the contribution for the owner. Pension Answer Book as well as RR 59-221 seems to bear this out. Recently, I was told that as long as the K-1 represents compensation for services rendered to the coproration, it is ok to use the K-1 for pension contribution. Isn't this in direct conflict with the Revenue Ruling and Penson Answer Book??
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