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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.

 
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1 Reply
Anita01
New Member

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.

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