Juan is a self-employed business owner. how does Juan report the owner's compensation for his sole proprietorship? Juan reports the owner's compensation as net profit on a Schedule C form 1040 he is subject to income tax and self-employment taxes none employee compensation on form 1099 NEC pass through ordinary income on Schedule K1 his subject to income taxes only wages on a W-2 wages and tax statement he is subject to income tax only

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Juan reports the owners compensation for his sole proprietorship as net profit on a Schedule C form ... View the full answer