We're filing our personal taxes. Her LLC received outside investor funds through a convertible note (SAFE). How do we report that on our tax return?

[GottaPayMyTaxes]

We got married at the end of 2022, and are filing a joint return. She owns an LLC (a software startup) that received outside investment via convertible SAFE notes.  Where in TT should we enter that information?

[VolvoGirl]

What kind of LLC is it?  A Single Member LLC?  Did she elect to be a S corp?  

[GottaPayMyTaxes]

Hi, yes, a single member LLC. Not an S corp.

Thanks!