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henlite
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Where enter distribution

for s-corp where does owner enter the distribution part of his drawings? 

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1 Reply

Where enter distribution

It should all be accounted for when the K-1 is entered, unless it is more than a draw, and if a salary it would be on a W-2.

But if just a draw or distribution, the K-1 should list it as it changes the basis, but is not taxable income.

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