Article Date:
October 2019


Word Count:
489

 

 

Q&A: Spousal Business and 199A Deduction


Question

 

I’m a doctor, and I operate my medical practice as an S corporation. I’m the sole shareholder.

 

My wife owns an advertising firm that she operates as an S corporation. She’s the sole shareholder. My medical practice is one of her clients, but it is only about 5 percent of her revenue.

 

Our 2018 taxable income is $450,000. I don’t think I get a Section 199A deduction, but can my wife? Or does my business taint hers? ... Log in to view full article.

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