After toting up your net profit (income less deductible expenses), it doesn't matter what you do with the profits. You will pay taxes on them personally via the K-1 the corporation gives to you.I think the implied question is "What do I do when I have a huge net loss next year? I have a bunch of income this year which is giving me a nice net profit this year, but I expect I'll have big expenses next year".And I *think* the answer is a "loss carryback" which winds up with doing a revised tax form for this year to reduce this years income. BUT I'd look for an answer from an expert.
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