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How to book
I have a situation I need help on –
Company, Inc. Is owned by Charlie. Charlie uses check from Company, Inc to use toward purchase of building for Company, LLC – owned by Charlie with a bank loan to LLC How do I report on books? How do I report to pay least amount of tax? Can I make it a loan? Or Is it a advance of income? Does it really matter as both Company, Inc. And Company LLC would show up on Charlie's tax return? Please advise – Thanks |
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