Hello,I started a consulting business last year. I incorported, took in $4000 in income, and paid out $3400 to myself, the sole stockholder. The $3400 I paid out was going to be a distribution under an S-Corp, but I didn't get the papers in on time. That means my corporation was a C-corp for last year.I'd obviously like to handle that $3400 in the smoothest way possible. I don't want to treat is as payment to myself in a 1099 relationship because I'll owe payroll taxes on it. I don't want to treat it as a dividend because then it will be double taxed.So, can I treat it as a loan to myself? What are the steps needed to do this?
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