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Investors & landlords
One reason I am confused about the personal credit card, is my CPA one year, when asked about a figure on my return told me "The credit card charges are treated as an investment by the owners since the credit cards are not on the books of the corporation." He took the total of my credit cards and deducted some draws we took and put the Net figure on Schedule K line 16 d as a negative figure. ??
‎February 21, 2021
7:39 AM