LSTAX
Level 4
02-06-2020
03:36 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The 100% share holder of an S Corp paid their personal estimated taxes from the business checking account. I explained to them it is not a payroll tax expense of the business and had them code it to a distribution. If the amount is $10,000, is it entered on screen 8 distributions [including cash] other than dividends, assuming they have basis?
Best Answer Click here
Labels