In an S Corporation, is funding business account from personal account to cover expensess considered an income

[cyrilarch]

For S Corporation is funding business account from personal account to cover expensess considered an income

[AmyT · Accepted solution]

It is considered to be either a loan or a capital contribution - it is not income to the corporation.

Note:  If this amount is to be treated as a loan to the corporation, it is a good idea to have it formalized with a signed loan agreement that specifies payment terms and interest (at a minimum).