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juliacgoodman
Level 2
March 24, 2021
Question

Should i record deposits (loans) from another llc I own both but not sure where to record the amount of the total loan amount ?9

  • March 24, 2021
  • 2 replies
  • 9 views
I want to show the amount I have loaned to this company. I have multiple llc and have made transfers to one company from another. It's not income or sales Where do I show the amount of money
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2 replies

abctax55
abctax55
Level 15
March 24, 2021

That's a great question for your professional tax advisor.

HumanKind... Be Both
    George4Tacks
    George4Tacks
    Level 15
    March 24, 2021

    These are balance sheet items. https://online.hbs.edu/blog/post/how-to-prepare-a-balance-sheet

    Answers are easy. Questions are hard!
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