CL44
Level 1
03-06-2024
01:25 PM
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thank you tax guy. I was just trying to figure out where to reflect it on the 1120s
OK here is the question. Mabe you can help me (Instead of telling me I should know this) this year he has a net income of 565,000 (line 22) but took 465,000 as a distribution I was trying to figure out how to reflect if on the 1120s (reduce line 22) so he wouldn't have to pay taxes on it. right now I am not sure and I would appreciate your help.