Question: How is compensation for services provided by an owner reported? Choose the option that accurately describes what is required for the situation as described. Jamil,

How is compensation for services provided by an owner reported? Choose the option that accurately describes what is required for the situation as described. Jamil, a partner in ABC, will receive Form W-2 from ABC reporting his compensation from the partnership. Nyla, a 10% owner of a C corporation, will receive a 1099-DIV reporting her share of income form the corporation, which will include the income earned for her service. Cruz, a sole proprietor, will receive Form 1099-NEC from his business reporting his compensation. Lisa, a 10% owner in an S corporation, will receive Form W-2 reporting her compensation from the S corporation?

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