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September 28, 2022
Question

Am I able to withdraw money from my business account and transfer it to my personal account. I normally don't take a salary.

  • September 28, 2022
  • 1 reply
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    1 reply

    VolvoGirl
    Employee
    September 28, 2022

    Depends.  Are you filing it as self employment on Schedule C or do you file a separate business return?

    September 28, 2022

    I am an independent contractor.  I file a 1040-SR and include what I earn on that return.