Not sure the actual question was answered. I have the same issue. I don't need to know about salaries, I'm only interested in discussing the money (profits) taken out of the company by me after salaries. I am the only shareholder. I believe he was asking the same thing about Turbo Taxes program.
No one answered this guys Actual Question. I have the same question.
In turbo tax for S Corp under the business section it asks if you have taken any money or property out of the corporation during the tax year other than salaries or loans?
then under The Federal Taxes Section it Turbo tax asks you to enter the total dividend distributions made to shareholders during the tax year 2022 from your accumulated earnings.
Are these the same thing. It won't let me do both so I'm unclear where to put the money taken from profits.
