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the loan was to make good on the debts of the s-corp.the debt basis was treated as a capital loss at time of closing.the loan is still being paid off by the sha...
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The equipment was sold. the amount received from the sale was applied to the loan. the balance of the loan is still being paid by the shareholder. the biggest p...
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s-corporation was closed in 2017, tax payer is paying off loan for equipment and lease. how do you enter the business interest on the personal tax return.
