- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
I do still have some questions though regarding this plan. 1) Even with a short-term capital loss does the loss show up on the P&L statement? (I only partially grasp accounting principles). 2) I need to make sure this shows up correctly on the taxes for the LLC. Do I need to issue the LLC a 1099-B and categorize the defaulted loan as income/revenue?
May 31, 2019
6:32 PM