S-Corp Filings - Is this correct?
Hi experts, I own an insurance agency as an S-Corp, and my taxes are confusing to me. I filed Business taxes with HR Block but somehow my K-1 is only showing $10k in income with the rest in distributions. This is raising some red flags about personal taxes. Should I file Schedule C to show income? And how to I avoid this happening in the future?
u/Do_It_I_Dare_ya — 9 days ago