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LLC capital funds tax
Hi
I have an LLC in virginia, single member LLC and filing tax as S CORP.
Since my LLC needs money for paying salaries and other contractors payments, I am funding my LLC from my W2 personal earnings.
So if I transfer money from my personal account to LLC business account and use it for expenses on Business account, is there a way I can show that on Tax filing or its of no use? or spend the money directly from personal bank account.?
what is the best approach
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‎September 6, 2022
8:00 AM