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After you file
You are confused ... please talk to a local professional to get educated on the rules.
Basically you are getting a loan or a gift and neither are considered income to be reported on a business tax return. What you use the money for is immaterial to the loan/gift being recieved. If you use the money to buy anything for the business then they are deducted as either an expense or an asset.
‎June 9, 2023
6:31 PM