Question

I’m trying to see if I can put my self as an employee of my own company. There is anyone else working on it but me

Forum|Forum|6 years ago
January 12, 2020
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TurboTax Live Self Employed

Employee

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VolvoGirl

Employee

If you are filing schedule C for self employment you are not an employee of your own business. You cannot deduct your own salary or any personal withdrawals you make from your business. As a sole proprietor, you are not an employee of the business.

The Net Profit or Loss is your personal Income on the 1040 return.