https://ttlc.intuit.com/community/taxes/discussion/llc-loan/01/3389955#M1251691 <P>I have 2 LLc's. &nbsp;How Do I report money I loaned to them so it does not reflect as income??? &nbsp;I documented all monies.&nbsp;</P> Wed, 11 Feb 2026 10:28:35 GMT slemgem1 2026-02-11T10:28:35Z https://ttlc.intuit.com/community/taxes/discussion/llc-loan/01/3389955#M1251691 <P>I have 2 LLc's. &nbsp;How Do I report money I loaned to them so it does not reflect as income??? &nbsp;I documented all monies.&nbsp;</P> Wed, 11 Feb 2026 10:28:35 GMT https://ttlc.intuit.com/community/taxes/discussion/llc-loan/01/3389955#M1251691 slemgem1 2026-02-11T10:28:35Z https://ttlc.intuit.com/community/taxes/discussion/re-llc-loan/01/3389990#M1251692 <P>Hi&nbsp;<A id="link_6" class="lia-link-navigation lia-page-link lia-user-name-link" href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5604845" target="_self" aria-label="View Profile of slemgem1"><SPAN class="">slemgem1</SPAN></A>,</P> <P>&nbsp;</P> <P>There are several answers depending on type of LLC.&nbsp;</P> <P>1. If both are single member LLC's, you do not report it anywhere. IRS treats single member LLC as disregarded entity that means LLC and individual are same.&nbsp;</P> <P>2. If LLC has elected to be treated as S-corp., you will report loan on balance sheet as loan from shareholder.&nbsp;</P> <P>3. IF LLC is multi-member LLC, it will report loan on balance sheet too.</P> <P>&nbsp;</P> <P>Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!</P> Wed, 25 Sep 2024 16:39:51 GMT https://ttlc.intuit.com/community/taxes/discussion/re-llc-loan/01/3389990#M1251692 dev145 2024-09-25T16:39:51Z