360 Tax Martin
Level 3
09-23-2020
03:35 PM
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Hello, my apologies for not clarifying. I am asking for the 1040 tax return for 2019. I do see my question may have been a little off as well though.
Basically, S-Corp 1 lent to S-Corp 2, on which the interest is earned. The individual taxpayer in question is a partial shareholder for S-Corp 2. Their spouse is a full shareholder for S-Corp 1. They file jointly and live in an equitable distribution (non-community property) state.
Hope this helps!