thank you. and you need not YELL AT ME 🙂
you know how, when you "get" something, you wonder how you didn't "get" it before - being so simple.... ya. me too 🙂
so let me get this straight. are you telling me that........
my income is from my schedule C - not "added to" which is why it is called a profit - loss statement, got it. - I "draw" from my own bank account, which is my companies' - and my company Is basically me, therefore I am taking money from myself - as the "sole" proprietor. got it.
I still have one question for the Schedule C - where do I show my employees' payments, (1099 ic payments?) do I want yo show them on line 11 or line 26?
as for PPP.
I am not qualified to apply for this loan program. I "1099" my (2) employees, therefore I don't have any. thusly, I can not use their pay, when figuring my payroll report, (which I disagree with and still don't understand. if the program is designed to maintain your employees, (so they still have a job, and they do not file for unemployment.) they does the process, by which they were paid, matter - as long at that pay can be verified?
In addition, I can't claim my own pay, as I really don't have any.
This took two weeks for me to get. (very hard to admit knowing that all of you must have been saying, nNO nOO you take him:) anyway, I am filling out my 1040 tonight !!
up for questions anyone? 🙂
thanks for all of your help - all of you ~
