Skip to main content
June 6, 2019
Question

How do I enter the personal draw for the small business

  • June 6, 2019
  • 1 reply
  • 0 views
We entered the total income for the business and I cannot find how to enter the personal draw.

1 reply

Employee
June 6, 2019

If you are reporting business income and expenses on Schedule C Form 1040, you do not enter personal draw, click here for IRS publication 334.

thepuzooAuthor
June 6, 2019
Don't I have to declare it as income?