topic Wrote a personal loan to my LLC to fund initial operations. How can I claim that on my personal taxes? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-personal-taxes/01/2488964#M82045 <P>Wrote a loan to acquire goods for my newly formed LLC.&nbsp; Was it the best way to capture this on my taxes.&nbsp;</P> Mon, 09 Mar 2026 05:52:20 GMT vdramosfam 2026-03-09T05:52:20Z Wrote a personal loan to my LLC to fund initial operations. How can I claim that on my personal taxes? https://ttlc.intuit.com/community/business-taxes/discussion/wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-personal-taxes/01/2488964#M82045 <P>Wrote a loan to acquire goods for my newly formed LLC.&nbsp; Was it the best way to capture this on my taxes.&nbsp;</P> Mon, 09 Mar 2026 05:52:20 GMT https://ttlc.intuit.com/community/business-taxes/discussion/wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-personal-taxes/01/2488964#M82045 vdramosfam 2026-03-09T05:52:20Z Re: Wrote a personal loan to my LLC to fund initial operations. How can I claim that on my person... https://ttlc.intuit.com/community/business-taxes/discussion/re-wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-person/01/2489010#M82048 <P>You will not report the loan value on your tax return.&nbsp; However, you should report any interest that you received on your personal return.</P> Thu, 17 Feb 2022 14:35:35 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-person/01/2489010#M82048 JohnB5677 2022-02-17T14:35:35Z Re: Wrote a personal loan to my LLC to fund initial operations. How can I claim that on my person... https://ttlc.intuit.com/community/business-taxes/discussion/re-wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-person/01/2489109#M82052 <P>so, writing a personal loan does not reduce my personal income liability?</P> Thu, 17 Feb 2022 15:01:11 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-person/01/2489109#M82052 vdramosfam 2022-02-17T15:01:11Z Re: Wrote a personal loan to my LLC to fund initial operations. How can I claim that on my person... https://ttlc.intuit.com/community/business-taxes/discussion/re-wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-person/01/2489455#M82071 <P>No, writing a personal loan to an LLC will not affect your personal tax return.&nbsp; It is expected that the loan will be paid off, and you would be made whole again.&nbsp; However, the interest will be income to you and a deduction for the LLC.</P> Thu, 17 Feb 2022 16:17:13 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-wrote-a-personal-loan-to-my-llc-to-fund-initial-operations-how-can-i-claim-that-on-my-person/01/2489455#M82071 JohnB5677 2022-02-17T16:17:13Z