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Business & farm
it's still not deductible. It will be recorded as your capital contribution on the partnership return. For an S-Corp - return stock or paid-in capital. A return is required that was due 3/172025 unless extended. If it wasn't extended get it filed as soon as possible because the penalty for late filing (with 4 members) is about $800/month
March 19, 2025
9:28 AM