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How to include capital contributions for LLC taxed as C-Corp without it being income?
Hi, as title says, we have some owner contributions for startup capital for our LLC and electing to be taxed as a C-Corp. Where exactly do we include this, especially because it is causing a large disparity on our balance reconciliation. Or do we also include this on there? Or do we have to pay taxes on it because we are now taxed as a C-Corp? Based on my research capital contributions would not be taxable but its causing this disaprity so not sure. Thank you!
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‎April 14, 2024
12:28 PM