Where do I put in loans that my LLC's borrowed

taustin172 · ‎June 4, 2019

I loaned 3 of my LLC's money, where do I put them in on Turbo?

PatriciaV · ‎June 4, 2019

The money you invested in your LLC's is considered equity (even if documented as a loan) and is not reported for tax purposes. If you received interest income from the loans, you would report those payments under personal income.

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PatriciaV · ‎June 4, 2019

The money you invested in your LLC's is considered equity (even if documented as a loan) and is not reported for tax purposes. If you received interest income from the loans, you would report those payments under personal income.

**Join us for our "All about the refund" event, sign up here

**Mark the post that answers your question by clicking on "Mark as Best Answer"

Where do I put in loans that my LLC's borrowed