Business, 12.05.2021 01:00 chrisannedegraff

Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $100,000, a long-term capital gain of $15,000, and a charitable contribution of $5,000. Janice withdrew $70,000 of profit from Catbird. How should Janice report this information on her individual tax return if Catbird Company is: An LLC? An S corporation? A C corporation?

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Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $1...

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