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Tax Year Prior to 2020: How report officer's compensation?
I own an LLC. It's registered with the IRS as an S-Corp elect. I am the only employee. I pay myself a salary by paycheck with payroll deductions etc. using Intuit online payroll. I also take a cash draw. I understand my draw is considered officer's compensation and is considered wages. Where on my personal tax return do I input the draw amount? I produced a Schedule K and input that into my personal tax return and the Schedule K shows the draw amount. But I don't see a place to input the draw amount in Turbotax to record as income/wages. Thanks
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‎June 4, 2019
4:57 PM