Entering commission made by partners self employed

[seniorkathie]

My husband and I are an LLC, and we paid ourselves a commission on the services we provided last year. I'm trying to figure out where in Turbotax Business that the amount we made goes. In addition to paying ourselves for the services we provided, we also drew other money, which I reported in owner dividend. I just don't know where to enter the money we actually earned. We own the company, so there are no 1099's to deal with. We had no employees, other than ourselves.

[RichardK · Accepted solution]

The amount the partnership paid you and your husband for commissions is called a guaranteed payments. In the search box, type "guaranteed payments" and then click on the "Jump to guaranteed payments" link and that will take you to where you enter these commissions.

To enter distributions to you and your husband, type "partner draws" in the search box, and click on the "Jump to partner draws" and that will take you to the screen to enter the amount you took out.

[CailaL]

@seniorkathie