A little - late, but am hoping to get an answer in time.
I am in a partnership, where we both are sustained by it.
The business is run out of our apartment, so the business pays for the apartment.
Food and daily necessities - same thing.
We have not taken from the business - ie put money into our own bank account - so do we have to report an income on our taxes?
I am filing an extension - so I am hoping to be able to estimate properly.
Thanks in advance,