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Should i record deposits (loans) from another llc I own both but not sure where to record the amount of the total loan amount ? 9

juliacgoodman
Level 1
I want to show the amount I have loaned to this company. I have multiple llc and have made transfers to one company from another. It's not income or sales Where do I show the amount of money
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2 Comments 2
abctax55
Level 15

That's a great question for your professional tax advisor.

"*******Tax software is no substitute for a professional tax preparer*******
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George4Tacks
Level 15

These are balance sheet items. https://online.hbs.edu/blog/post/how-to-prepare-a-balance-sheet


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