Thanks @Anonymous_
So as an LLC S-Corp, the income is a pass through to the individual. If the corporation decides to pay off $50K in 2020, that should be tax free to the individual, right?
My entry for those payments was a debit to the member's contribution (equity line item) vs an expense.
1. What's the correct way for accounting that?
2. For taxes, what do I need to fill out properly?
