@mw30 wrote:
I will elect tax as S corp in 2020. Can I pay myself a salary and some amount of distribution?
S corporations must determine and report appropriate and reasonable salaries for shareholders and officers who perform more than minor services for the corporation.
See https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-a...
See also https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical...
