Excessive Draws/distributions (capital Gains) Excess Draws Or Distributions By Shareholders Are Treated As Capital Gains (schedule D) On The Personal Tax Return. Two Part Question:
1. How Do You Report Capital Gains On Schedule D?
2. What Is The Corresponding Journal Entry For The S-corp?
Is anyone out there with answer to ths question?
Last edited by isimpson30 : 12-08-2009 at 12:03 PM.
Reason: No response
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