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05-21-2016, 07:47 PM

WA&FS16

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Join Date: May 2016

Posts: 1

Distributions

S Corp distribution are taxed as long term Capital Gains. They flow over to the 1040. I am confused it adds to the Total Income and flows down the 1040.

Does this mean that S-Corp Distributions get taxed LTCG + Fed Income Tax? Or some how the software just taxes it on LTCG and not Fed Income tax?

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