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After you file
When this is repaid to the individual how do you avoid paying taxes on it again. ie: my after tax income dollars from my job went toward setting up my new business and now the business is making money and I want to pay it back. To pay it back as income to myself through the business would then be taxed income tax again. Is there a way to enter this as more of a loan without interest?
Thanks
‎February 4, 2021
1:11 PM