I am the sole employee and officer of my S corp. How do I take any S corp income after expenses, my salary and dividend distribution and carry it over to my personal taxes.
In the past I have hired a CPA to do my taxes and they have said this is what they did. This is my first year to attempt to do my own S corp taxes, and so I understand the concept, but not the mechanics of how this is done......ie, what line on my 1120s will show income left over after expenses and salary/dividend distribution ? And what line is that number placed on my 1040 form.
