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    mickeysp's Avatar
    mickeysp Posts: 2, Reputation: 1
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    #1

    Feb 2, 2012, 03:19 PM
    Who do you ask for help on a form 1120?
    How is personal loan to a corporation handeled on form 1120
    mickeysp's Avatar
    mickeysp Posts: 2, Reputation: 1
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    #2

    Feb 2, 2012, 03:25 PM
    Does the loan go on shareholder share on schedule L, and on the schedule M1 line 7 as other in come recorded on books?
    MLSNC's Avatar
    MLSNC Posts: 158, Reputation: 17
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    #3

    Feb 2, 2012, 03:42 PM
    The loan would be reflected on Schedule L, but it does not go on the M-1. The other side of the entry would generally be an increase in cash.
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