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I own 100% of my S-corp. What is the difference between taking an owners draw and paying a shareholder?
Turbo tax asks me to enter an amount for cash I took from the business and later asks me if I paid shareholders owning more than 2%. Is this a redundancy if I am the only shareholder? What is the difference between taking an owners draw and paying shareholders?
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‎June 4, 2019
7:48 PM