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Shareholder Loan to S-Corp

In Turbotax business software, where can we report the shareholder loan to the S-Corporation?

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2 Replies

Shareholder Loan to S-Corp

it's line 19 on schedule L loans from shareholders. don't know how much it is and thus may be subject to various tax rules concerning interest payments (or imputed interest) on such debt.

 

Shareholder Loan to S-Corp

Also don't forget that this should be reported on your personal return form 7203 as applicable.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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