Hi everyone,
I had a few quick questions I was hoping to get answered. I am a single member LLC filing as an S Corp
1. For salary/wages paid, I took the maximum HSA deduction of $3600. Would I say my salary is $50k or $50k-$3600.
2. Assuming my business was profitable and made $100k after paying myself a salary, do I say the business made a distribution for the same amount ($100k) during 2021 to shareholders (myself) during the year end assets are zero?
3. I had a loss on schedule M2 carried over from the previous year. Where in the software would I report that?
Thank you
