turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Distributions to Shareholders

I am an LLC taxed as an S-Corp.  I am the owner and 100% shareholder.  I took Draws during the year in addition to my salary.  Would my total draws for 2019 be included in the Turbo Tax question in "Shareholders" tab about if the company made distributions to shareholders?  In other words, do I report money the company paid to myself as a draw here?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Distributions to Shareholders


@MJSarros wrote:

Would my total draws for 2019 be included in the Turbo Tax question in "Shareholders" tab about if the company made distributions to shareholders?  In other words, do I report money the company paid to myself as a draw here?


You report distributions in the Business Info tab>>Shareholder Information (see screenshot).

 

ss.png

View solution in original post

1 Reply

Distributions to Shareholders


@MJSarros wrote:

Would my total draws for 2019 be included in the Turbo Tax question in "Shareholders" tab about if the company made distributions to shareholders?  In other words, do I report money the company paid to myself as a draw here?


You report distributions in the Business Info tab>>Shareholder Information (see screenshot).

 

ss.png

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question