Need help determining where to enter the 'expense' of the owner draw as a distribution? Also, how to create the distribution as personal income on 1040...
Currently, the IRS laws says that the distribution should be received on a schedule K which is not in TT Home and Business. Turbo Tax Business can produce the schedule K, but is not for a single member LLC, and that I need to use TT Home and Business.
Help...!!!
