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Sale of an asset in which the LLC carrys the loan
In 2019 my LLC bought back the land , building and assets of a business for $1. I sold the land and building last year and leased the assets to the buyer of the land and building for 13 months. In August 2020 I sold the assets and my LLC is carrying the note. I financed the sale of the assets at 4% for 25 years how do I record this?
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‎April 30, 2021
10:34 AM