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Loan money to business(s-corp) to get (payoff) of bank loan note 100k for example, then planning to sell business next year, what is best route to report it this year.
loan money to business(s-corp) to get rid(payoff) of bank loan note 100k for example, then planning to sell business next year, what is best route to report it this year. should I convert mortgages to loan from shareholders in balance sheet of 1120s form? when i sell business, will i be double taxed as new income? or is there a better way to report it?
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‎June 4, 2019
4:03 PM