I own a C Corp and paid myself a salary in 2022. However, i withdrew cash as well. Do I need a 1099 for the portion of the money not paid via salary Thanks

c_pulido · ‎January 31, 2023

If so, which 1099 should I use?

DavidD66 · ‎January 31, 2023

Correction, you will need to send yourself a 1099-DIV. I originally misread your question and answered for an S-Corp, not a C-Corp. In addition to a W-2 for your salary, you will need to report the cash withdrawals as dividends and report via a 1099-DIV.

Edited 01-31-2023 - 3:43 PST

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c_pulido · ‎January 31, 2023

Thank you. So, do I include these distributions in my personal tax return?

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I own a C Corp and paid myself a salary in 2022. However, i withdrew cash as well. Do I need a 1099 for the portion of the money not paid via salary Thanks