A few comments / questions:
- Is the LLC filing a 1065 (you don't mention whether you are in a community property state)?
- If the LLC is a separate entity and filing its own tax return:
- You indicate you used your own money to purchase, yet the purchase was titled in the name of the LLC
- Did you contribute $$ to the LLC?
- It's not really a loan if you are not charging interest. The IRS will just take the position that this is a contribution to capital (this depends on the response to a previous question)
- As @Anonymous_ noted, this transaction appears to only be impacted by balance sheet accounts
- Need to respond to the above to be more specific
*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.
