Pennsylvania LLC taxed as SCorp - paying myself “reasonable” salary plus distributions. My understanding is these are tax free based on my stock basis of LLC
posted
11 hours ago
last updated
May 18, 202512:18 PM
Connect with an expert
x
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
as long as the distributions do not exceed your stock basis, they're tax free. one thing to note is that if you have reduced basis debt, there could be issues.