 |
|
|
|
|
|
|
|
|
|
|||||||
 |
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
2005-01-17, 02:23 PM
|
#1 |
|
a.k.a. Sparky
Join Date: Sep 2004
Location: West Palm Beach, FL, USA
Posts: 2,396
|
if a company has $150k profit, you take $50k in draw, is that $50k not part of the profit?
If at the end of the year the net balance in the bank is $0, and you took $150k out in draw, didn't that $150k flow through to your tax return as profit? Perhaps I'm missing the part where draw != profit.
__________________
SnapReplay.com a different way to share photos - iPhone & Android |
|
|
|
|
|
Hybrid Mode
