The C corp pays all the rent, utilities, etc. for the business. This is definitely the C corp's income.
You'll need to sign in or create an account to connect with an expert.
Yes, you would claim these as C Corporation income. You do not have to report those on your individual tax return. However, I would save them for your records in case the IRS has a question.
Yes, you would claim these as C Corporation income. You do not have to report those on your individual tax return. However, I would save them for your records in case the IRS has a question.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
venae21
Level 1
DomN9
New Member
7bdc816fd047
Level 2
gxbaby112
New Member
scotttiger
Level 4
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.