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January 31, 2023
Question

I own a C Corp and paid myself a salary in 2022. However, i withdrew cash as well.Do I need a 1099 for the portion of the money not paid via salaryThanks

  • January 31, 2023
  • 1 reply
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If so, which 1099 should I use?

1 reply

January 31, 2023

Correction, you will need to send yourself a 1099-DIV.  I originally misread your question and answered for an S-Corp, not a C-Corp.  In addition to a W-2 for your salary, you will need to report the cash withdrawals as dividends and report via a 1099-DIV.

 

Edited 01-31-2023 - 3:43 PST

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c_pulidoAuthor
January 31, 2023

Thank you. So, do I include these distributions in my personal tax return?