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Level 2
December 7, 2019
Solved

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

  • December 7, 2019
  • 1 reply
  • 7 views

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?

This topic has been closed for replies.
Best answer by IRonMaN

You have three choices -

1.  Wages

2.  Dividends

3.  Officer loan

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

You have three choices -

1.  Wages

2.  Dividends

3.  Officer loan

Slava Ukraini!