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  • Are owner draws taxable 2024?

    taxed draw taxed

    Questioner:Harper Patel 2023-05-08 00:38:54
The most authoritative answer in 2024
  • Harper Roberts——Studied at the University of Barcelona, Lives in Barcelona, Spain.

    Dividends are not taxed if it is a return of capital to the shareholder. ... Unlike W-2 wages, a draw is not taxed at the company level. If you are a sole proprietor or a partner in a partnership, your income is a draw. However, it's also possible to do an owner's draw as an LLC or even an S-Corp.read more >>
    +119962023-05-17 00:38:54

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