SMLLC Tax Questions for Flipping Home Business

[Mohamed Nagoor]

Hi,

SMLLC to flip homes. 

Say I make 30K in gains during a year flipping homes. 

1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly estimated payments (SE Taxes). Again, until about the end of year I will not know how much profit I will make to decide my Pay. 

2. The remaining 15K can I transfer it back to my personal account as a Distribution? Am assuming I still pay income taxes for the 15K gain in my personal return?

Thanks

Mohamed

[Mohamed Nagoor]

Thank you all for your responses.

Mohamed