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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

how do I enter foreign income tax amount? this is on a standard salary as I live abroad

in Deductions & credits

Expert does your taxes

Do it yourself

Resources

Support

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

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

Get more help

Do you have a TurboTax Online account?

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

Do you have an Intuit account?

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

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert