pjkincconstruction
Returning Member

I own 100% of my S-corp and pay myself a salary and pay taxes

I also take cash out thru out the year

this year I took 38,352.00 but also had to transfer back 9500.00 thru out the year to cover the unforeseen cost

where does this go on the K-1 

What is it truly classified as and do I pay taxes on that money on my personal taxes