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September 10, 2024
Question

How can I record my personal loan to our small business in Turbo Tax Desktop Home & Business? There is no way to record it on Schedule C.

  • September 10, 2024
  • 2 replies
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2 replies

September 10, 2024

with Turbotax and every other tax app I worked with, you do not report personal loans or even other loans to the business. They are neither income or expense.