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New Member
posted Apr 15, 2025 5:38:49 PM

should I enter an amount in salaries & wages for 100% owner?

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1 Replies
Expert Alumni
Apr 15, 2025 5:46:16 PM

It depends. The procedures for compensating yourself for your efforts in carrying on a trade or business will depend on the type of business structure you elect.

 

Refer to the IRS topic Paying yourself for more information.