Discussion:S Corp Distributions and Shareholder Loans
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Discussion Forum Index --> Tax Questions --> S Corp Distributions and Shareholder Loans
| 6 April 2007 | |
| S Corp Owner Draws throughout year of $10,000.
Year end Loan '''from''' Shareholder is $6900. Can the balance of the draws be applied to the shareholder loan and the remainder considered "Distributions" reported on k1 16d. | |
| 6 April 2007 | |
| I don't know why not. would provide minutes or another trail of transactions | |
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