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For example, LLC Ending Balance Sheet:$10,000 cash$0 Fixed Assets (Fully expensed through bonus or 179)$15,000 Loans to acquire Fixed Assets($5,000) Negative Eq...
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The installment sale of an additional property
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Old loan 1 had a balance of $10K.Old loan 2 Had a balance of $15K.New loan is $65K (10 + 15 +40).Gross Profit is different on each loan.
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Yes, for the old loans, but they have been added to the new loan.Are you leading me to leaving the two alone and just adding the third part on it's own 6252?
