Question: Excess distributed income over reasonable compensation: 1. is treated as self-employment income in a LLC. 2. is treated as dividend income in a S corporation.

Excess distributed income over reasonable compensation: 1. is treated as self-employment income in a LLC. 2. is treated as dividend income in a S corporation. Group of answer choices Both 1 and 2. 1 only. Neither 1 nor 2. 2 only

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