topic Re: S-corp in Get your taxes done using TurboTax

S-corp

c_stingray73 — Thu, 09 Sep 2021 20:01:50 GMT

There are a few ways that a shareholder/owner can withdraw earnings from the business.

1. distributions from S Corporation earnings
2. wages or salaries
3. repayment of loans
4. reimbursement of expenses

How do I get, aside from my fair salary distributions, from my single member s-corp #'s 1 & 4 above?

M-MTax — Thu, 09 Sep 2021 22:04:27 GMT

How do you get it into the Business program or how do you do it from an accounting standpoint?

Critter-3 — Fri, 10 Sep 2021 00:57:25 GMT

Simply have the company write you a check then cash it.