YoungCPA
Level 3

I just found out additional information:

1.  Properties were purchased in shareholder's name then transferred into the LLC/S-corp's name.

2.  Property loans are in shareholder's name, but the LLC/S-corp pays the monthly loan payments. 

Re: #1 above:  Do I show the properties as additional capital contributions?

Re:  #2 above:  I'm not quite sure how to show the loan and the payments?  Is it a loan to the LLC/S-corp from the Shareholder?

Thank you for your help...

0 Cheers