I only paid myself $5000 in 2022 in salary from my new business and took no distribution.
The K1 shows $14,000 business income (box 1) and $5000 W2 salary
Since my income for the year is so low I still don't own any taxes.
Does IRS consider the $14,000 a distribution or is that a third kind of income?
I don't want to take distribution because I'm not ready to pay myself a reasonable salary out of the business.
So is it ok to leave the return like this?
