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Where do I enter the proceeds from a refinance on a commercial loan for a business I am 5% owner in?
A business that I am part owner in refinanced its loan. The business was valued well above where it was with previous loan. Therefore all shareholders were given their share of the proceeds from the refinance. Not sure where or how to enter this into TurboTax. I have already entered all of the data as given to me on the K-1 from the business. Thank you!!
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March 13, 2025
8:20 AM