I use QB online. I recently paid federal taxes owed of around $2000 from my checking account. This payment is showing up as an expense, which is not a deductible expense. Where am I supposed to move this expense to or track it so it doesn't mess up my net income?
If your business is taxed as a sole proprietor or a partnership, then the withdrawal of funds from the business is an equity draw, which is not an expense
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