frencheese
Level 3
07-22-2020
10:31 AM
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I have another question regarding the loans to the single-member LLCs from the Scorp. If client is a 50% member of the S-corp and the S-corp makes a loan to his single-member LLCs, is that considered bona fide debt? Because if it's not bona fide debt, apparently I must treat those loans as contributed capital.