Business income/draw

[Skelley1831]

My wife has an LLC business, where in turbo tax home and business do we enter a draw from the business?

[MinhT1]

If your wife's business is a single-member LLC and she files a Schedule C for the business in TurboTax Home & Business, then drawings from the business are owner's distributions and are not deductible expenses.

You do not enter these drawings on Schedule C.

[Skelley1831]

She is a single member LLC and we are filing schedule C. So does her draw from the business get entered under her in personal income? If so where? I cant seem to find where to enter it.

[JeffreyR77]

No, draws from Schedule C businesses are not income nor are they expenses of the business. The income of a Schedule C business is the profit of the business.  That amount is subject to self-employment tax and income tax.