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Level 1
December 5, 2023
Question

Commissions

  • December 5, 2023
  • 1 reply
  • 10 views

We have an S-Corp, the President will get a salary and sales commissions. The Chairman and CEO will take a wage and distributions. I understand the commissions are payroll taxable and the distributions are not.  How do you report the distributions?

1 reply

Level 15
December 5, 2023

Are you using TurboTax Business?

 

If so, distributions are reported in the interview.