I know that the partners all pay the taxes on the distributions whether or not they are paid out. If they are paid out, then I was thinking that could be a possible business expense, but I wasn't sure.
You'll need to sign in or create an account to connect with an expert.
No, distributions to partners are not deductible as business expenses.
No, distributions to partners are not deductible as business expenses.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
fillini00
Level 2
joycesyi
Level 2
ESG S-Corp
Returning Member
J3SS1CA
New Member
WhatsUpChknButt
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.