Where to report distribution to former partner of S-corp.
My client made a payout/distribution to his former partner in an s-corp. How do I report this distribution? The former partner was not an owner of the s-corp in this tax year.
My client made a payout/distribution to his former partner in an s-corp. How do I report this distribution? The former partner was not an owner of the s-corp in this tax year.
S corps don’t have partners. What was the payment for?
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