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Get your taxes done using TurboTax
@Critter-3 wrote:NOW ... if the business of the Sch C is the making of loans of money then that is Sch C income and needs to reported as such.
I concur and @DDT1345 stated, in pertinent part:
" I have a single-member LLC that loans money to real estate investors. The LLC's primary source of income is the interest earned on those loans."
Thus, it certainly appears as if @DDT1345's business is making loans.
‎April 7, 2021
7:02 PM
6,991 Views