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Where to input capital contribution of the S-corp into and as a member's LLC capital account ?
I personally own 100% shares of S-corp.
S-corp is a member of LLC and owe 98% of shares.
I loaned money to the S-corp and input in TurboTax as a "owner loan"
Those money S-Corp reinvested into LLC s-corp's member capital account.
Where do I input it on Scorp accounting, because right now I have a loan as a "net income" and investment from S-corp into LLC as a "total expense", "capital stock"?
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March 9, 2021
7:05 PM