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After you file
@danielsjrd wrote:
ok, so how do i account for the money loaned to the llc or is there a way to get a credit for the money loaned??
You do not get "credit for the money loaned" in the form of an income tax deduction. Rather, your loan to the LLC (assuming it is a multi-member LLC) is really nothing more than a balance sheet entry (an entry for loans from partners and cash).
‎October 20, 2019
7:51 AM