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Deductions & credits
Thank you @Carl ... Your insight and @DianeW777 's basic "the S corp reimburses you" clarifies a lot for me. The corp use to be all of my income since 1994. Then I changed jobs. So I know about inventory, assets, depreciation. I just had this mental block. The idea of "reimbursement" never cross my mind.
Thank you to both!
‎January 20, 2022
7:13 AM