Loan repayment

[MJL22]

I loaned my LLC funds over the past several years and started paying these loans back in 2018.  Where do you enter the payback amounts in Turbo Tax for Business.  I can only find the interest paid area, but the payments are not interest but capital repayment.  Thanks

[tagteam]

Liabilities and Partner Capital page in the Balance Sheet section of the program.

[Federal Taxes tab>>Balance Sheet]

[Anonymous]

there is no place to enter repayments.    the repayments simply reduce the amount reported on line 19a of the balance sheet  

[tagteam]

The original poster indicated they are using TurboTax Business. A screenshot is below.

[MJL22]

Thank you

[MJL22]

Thanks