topic Re: Does C Corp issue K-1? in Get your taxes done using TurboTax

Does C Corp issue K-1?

stech — Wed, 11 Feb 2026 09:44:24 GMT

I have C Corp. I have 1099 to contractors. Does it issue K-1 to owners?

Re: Does C Corp issue K-1?

Anonymous_ — Thu, 09 May 2024 20:14:32 GMT

@stech wrote:

I have C Corp. I have 1099 to contractors. Does it issue K-1 to owners?

No, not C corporations. The only type of corporation that issues a K-1 is an S corporation.

Re: Does C Corp issue K-1?

stech — Thu, 09 May 2024 20:17:18 GMT

So owners are paid via draws?

Re: Does C Corp issue K-1?

Anonymous_ — Thu, 09 May 2024 20:24:56 GMT

Shareholders are the owners of C corporations.

If they (or others) perform services for the corporation, they are typically compensated with a salary/wage (they're employees of the corporation as such).

Otherwise, payments made to shareholders by C corporations are dividends (or return of capital in certain instances).

Please don't take this the wrong way but if you do not have a rudimentary knowledge of the foregoing you need to consult with a local tax professional.