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Business & farm
Yes. You did add additional equity, you paid the bills of the S corporation. Since you technically can't do this from personal funds, the transaction is that you contributed the $$ to the S corporation and then the S corporation paid the bills and is then entitled to the expense at the S corporation level.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 4, 2019
11:14 PM