If I am the owner of Business, but draw no salary and receive no income, do I need to declare it?

Yes.  The IRS requires all income to be reported in the tax year received and of course reduce that income for any expenses necessary to earn it. This would be considered as self employment income. Use the information in the link below to enter your self employment income.

• How do I report income from self-employment?

For TurboTax Online/Mobile you need TurboTax Self Employed and for TurboTax Desktop you can use Basic or Home and Business

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