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Level 2
August 30, 2023

if the only shareholders of a sub-s corp are husband and wife do distributions need to be proportionate to ownership or can they be considered as one.

  • August 30, 2023
  • 1 reply
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    1 reply

    IRonMaN
    Level 15
    August 30, 2023

    I would still keep them proportionate.

    Slava Ukraini!
    sjrcpa
    Level 15
    August 30, 2023

    I once had an S Corp with 51%/49% husband/wife ownership. They couldn't do the math for the distributions.

    We resolved by having the S Corp make the check out to both of them for deposit into their joint checking account.

    The more I know the more I don’t know.