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Business & farm
You were asking about your income. In case you missed it buried above your Business is a disregarded entity and your personal income is just the Net Profit or Loss on Schedule C. So when you take a draw or cash it's just a sideways move from the business bank account to your personal account. Just moving money from your right pocket to your left pocket. Doesn't go on your tax return. It's all yours in the first place.
‎August 3, 2019
6:16 PM