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Do I have to pay myself if one person company have net operating loss more than company income ?
I have a question, I have a C corporation, and I am the only one in the company, net operating loss from previous year is $26000, I operated my business as part-time, and I had income $6000 in 2023, do I have to pay myself ? since I still have $26000 - $6000 = $2000 net operating loss I can carry forward ,
can anyone answer this question ? Thank you in advance !
-JL
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March 23, 2024
8:03 PM