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Level 1
Dec 5, 2023 5:21 PM UTC
Question

Commissions

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
Dec 5, 2023 5:50 PM UTC

Are you using TurboTax Business?

 

If so, distributions are reported in the interview.