I own 100% of my S-corp and pay myself a salary and pay taxes

[pjkincconstruction]

I also take cash out thru out the year

this year I took 38,352.00 but also had to transfer back 9500.00 thru out the year to cover the unforeseen cost

where does this go on the K-1 

What is it truly classified as and do I pay taxes on that money on my personal taxes

[Critter]

The $9500 that you seeded back into the company is only recorded in your accounting books ... it is not income nor a deduction on the corp return.   I highly recommend you seek professional assistance to set up your books correctly and get educated in keeping them  and/or get a good accounting program. 

[Critter]

Hopefully you issued yourself a W2 and filed all the required payroll tax reports timely ... if you have not done so you are very late.