In 2021, I had an LLC taxed as a partnership where the members (2) loaned the LLC $1200 total. In 2022, I changed the LLC to be taxed as an S corporation. In 2022, the LLC/S corp borrowed another $1000 total from the shareholders & was able to reimburse the shareholders the $1200 loan at the end of 2022. How do I account for the $1200 loan that was reimbursed on the S corp tax? TurboTax only asks remaining loan amount by end of 2022 (which is $1000); it doesn't ask for information of loan being reimbursed or original loan at start of the year. TIA.
