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Get your taxes done using TurboTax
If filing on Schedule C, you would not put anything on line 26, unless you had an employee(s) that you treated as a W-2 Employee. If you are talking about money you "paid" yourself, that does not go on your tax return. You have your revenue, and your expenses, and what's left is your taxable income, and it's yours to do with as you please. Of if you have a loss, it means you spent more on your business than you made.
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May 3, 2021
7:43 PM