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.

drewzik
New Member

I owned a business until August of 2018. I did not pay myself for the entire year of 2018, as the money was put back into the business. Is it worth mentioning?

 
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 Reply
Coleen3
Intuit Alumni

I owned a business until August of 2018. I did not pay myself for the entire year of 2018, as the money was put back into the business. Is it worth mentioning?

If your business was a Schedule C, including an LLC, you do not pay yourself. The business is identified with you, included on your personal return, rather than a separate entity. Your profit is considered your payment to yourself.

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