Y company is owned as a sole proprietorship by z who has, Ask an Expert

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Y Company is owned as a sole proprietorship by Z, who has made $5,000 of withdrawals during the year from Y. Y had operating income $5,400, operating expenses of $4,500, and a $600 long-term capital loss in the current year. How does Z report this information on his individual tax return?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975040

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