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How should Janice report on her individual tax return

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Reference no: EM132627188

Problem - 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:

a. An LLC?

b. An S corporation?

c. A C corporation?

Reference no: EM132627188

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