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    wluke's Avatar
    wluke Posts: 2, Reputation: 1
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    #1

    Sep 1, 2013, 03:22 PM
    Form 1040
    My boss did not write himself a paycheck last year, but I know how much he took out of the S. Corp for personal use. Where should I report this amount at for his Income on Form 1040? I have it under Business Income, is this correct, and if so do I have to fill out a schedule C-EZ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Sep 1, 2013, 06:48 PM
    I do NOT prepare corporate returns, so I am not sure, but the personal draws probably should be reported as dividends on Schedule B.
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