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I appreciate the responses. I did think that the draws did not have to be claimed as the owner was already being taxed on his profit. However something I read m...
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Yes I am aware. The information that I was reading referenced it needing to be shown on the return other than on the C. I will go back and revisit.
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That's what I thought but I was doing some research to verify that and I found a bunch of responses that said owner's draws were taxable not on the schedule C b...
