USA How to get salary for it's director from C Corp

[Robert Singh]

Hi,

I started a C Corporation for flipping houses.
I am the only employee in the corporation.
In 2017 I made profit in the business.
How do I take my compensation out of C Corporation without double taxation.

Appreciate your help !!

 

[Drmdcpa]

You should not be using a corporation for real estate. You are setting yourself up for trouble.

Taking a salary is not double taxation. It is how you avoid double taxation.

C corps can be difficult to manage because you will want to take salaries to reduce taxable income on the 1120. Any taxable income left on the 1120 will be double taxed when distributed as a dividend.