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How does the $300,000 cap apply when W-2 wages and a K-1 are paid to the same person?

April 26, 2017cap K-1 paid person W-2 wages

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How does the $300,000 cap apply when W-2 wages and a K-1 are paid to the same person?

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If an entity issues a W-2 and a K-1 to an individual, the $300,000 compensation cap applies to the sum of the individual’s W-2 and K-1.