Where do I record a cash inflow from a refinance on the 1065. Is it Income on Books not on Tax return or do I add it to each shareholders basis ?
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It's proceeds from the new Debt; not Income. Think of that amount as an additional Loan amount, but rolled into the ReFi debt.
It's proceeds from the new Debt; not Income. Think of that amount as an additional Loan amount, but rolled into the ReFi debt.
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