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

juliacgoodman · ‎03-24-2021

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

abctax55 · ‎03-24-2021

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

HumanKind... Be Both

George4Tacks · ‎03-24-2021

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

Answers are easy. Questions are hard!

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

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