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Form 1120 Owner took money from company where to report it on the Form 1120?

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Level 1

Filing out the Form 1120 and owner took $20,000 from the company that made more than $250,000.


Has not taken out more than the company made


Where to report the withdrawal of the $20,000?

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1 Solution

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Level 15

You have three choices -

1.  Wages

2.  Dividends

3.  Officer loan

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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1 Reply 1
Highlighted
Level 15

You have three choices -

1.  Wages

2.  Dividends

3.  Officer loan

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

0 Cheers