I have put $100,000 towards a new office building for my LLC S-corp of my own money.
Technically part of the money is money I got PPP (forgiven) and EIDL loan when I was a sole proprietor.
In 2022 I became S-corp LLC and have the option to enter them on my business return, or I can keep them as personal and put that I used the same amount as capital contribution towards the office building I'm building. It seems that leaving them off and list it as capital contribution then I can pay myself back tax free within a couple of years? I don't see the benefit in listing them on my business?
