Moving funds from S Corp to its DBA

Forum|Forum|1 year ago
March 6, 2025
2 replies
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Hi - I have an S Corp and recently established a DBA under that S Corp. To fund the expenses of the DBA, I needed to move money from the S Corp checking account to the DBA checking account.

How should I treat that on my taxes?

Thanks!

TurboTax Business Windows

Best answer by Mike9241

you moved money within your s-corp. It is neither income nor an expense. in effect, you moved money from one bank account to another with the sane entity.

Mike9241Answer

you moved money within your s-corp. It is neither income nor an expense. in effect, you moved money from one bank account to another with the sane entity.

k2allarAuthor

So you're saying that if I just combine the transactions and balances from both entities, I'll account for that money without showing it moving between the two accounts, right?

Wow. if that's right, it's much too simple!

DaveF1006

Yes, this is correct. ‌When you transfer money from your S Corp's checking account to the DBA's checking account, you're moving money within the same legal entity. This transfer isn't considered income or an expense for tax purposes. It's simply a reallocation of funds within the same entity

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