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New Member
posted Apr 13, 2025 2:22:51 PM

Where do I report the draws I received from my company? Is that the same thing as a Dividend?

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1 Replies
Expert Alumni
Apr 13, 2025 3:22:02 PM

If you are filing a Schedule C for self employment/independent contractor then it is just a transfer from your business account to your personal account.  It is not a reported expense on your tax return.