S-Corp Distribution and 1099-DIV
I am a single member LLC that for tax purposes is filing as an S-Corp. I paid myself a salary but also took a distribution at year end. I do not see where in TurboTax for Business I would enter this? There is a dividend section under Income but I would think that section is for any dividends paid TO the s-corp. Shouldn’t it be an expense to the s-corp?
Also, Will TurboTax generate the 1099-DIV for this distribution?