Should I be paying taxes on a non-recoverable draw (essentially a loan to help me pay my bills until I begin consistently earning commissions)? I'm a 10-99.
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Should I be paying taxes on a non-recoverable draw (essentially a loan to help me pay my bills until I begin consistently earning commissions)? I'm a 10-99.
Should I be paying taxes on a non-recoverable draw (essentially a loan to help me pay my bills until I begin consistently earning commissions)? I'm a 10-99.
A non-recoverable draw is, by definition, not a loan that is paid back, so yes it us taxable income to you.