Thank you! And even though the page doesn’t specify overdraft, there is no indication from any IRS source that those would be excluded for some reason. In a business account, the only situation where this is even a little bit hairy is if the overdraft was a direct result of a personal expense that they used company funds for. Obviously that changes the situation.
@taxlady28you are giving a great example for why people should take your advice and not believe what you read on the internet!! Please make sure to do better research before giving tax advice on here. While I would tend to agree that the non-IRS sources like the websites I linked might not be 100% trustworthy on their own, when 8/8 of them are saying identical things you might consider starting to pay attention. I had to make an account specifically because of how surprised I was to see the advice OP got here (I will try to be more civil in the future, the pretentiousness got me in this case)
