Hello,
I have a question too: My S corp doesn't generate enough to take salaries. We take draws at end of year for health premiums paid out of the business's bank account and then at end of year, I take any thing left to repay me for the personal credit card expenses paid by me which are actually for the S corp. (I have all detailed receipts) This past year, my total draws including my year end draw estimated for those credit card expenses were more than the total of the all business expenses. Where do I put that figure on the tax return?
Thanks for any help
