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Instructions for 1120 Schedule E - Compensation of Officers??

 

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Subject Author Date
Instructions for 1120 Schedule E - Compensation of Officers?? Jose 06-08-2006
Posted by Jose on June 13, 2006, 10:36 am
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> Jose wrote:

>> I have looked all over and can't find any instructions for
>> this. Do they exist? Specifically for (c) percent of time
>> devoted to business.
>>
>> Lets say two people spend 20 hours a week working. One does
>> nothing else; the other works 40 hours a week elsewhere.
>> Are they 100% and 33%, both 50%, or something else?
>>
>> I would really like to find actual instructions for this,
>> but they don't seem to exist.
>
> It means usual working time. For the first one above, 100%.
> For the other, 33%.

I don't suppose there is an actual reference for this is there?
I am sure you are right, but I would love something from the
government...

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