Just-Lisa-Now-
Level 15
02-01-2023
08:14 PM
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@Faith R wrote:
Is an owners draw on SCH C counted as part of the total income for the tax year?
Owners draw doesn't appear on Sch C or the tax return anywhere.
The profit at Line 31 is their "earned income".
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪