Q: Help with the calculation
i made 30k through out the year, why is it when i put the full 30k on my schedule c i get a refund, and when i put 25k on schedule c and 5k as a distribution from my s corp i owe money?
A:
Distributions from S-corps don't go on the 1040, just the net income.
Also, S-corp income goes on the Sch E not the Sch C.
Distributions go on the K-1 and adjusts your basis. They don't affect income except for very limited circumstances.
I'd suggest you find a professional if you're running an S-corp it's worth it.
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