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Old 07-06-2008, 02:11 AM
brndwgnr brndwgnr is offline
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Join Date: Jul 2008
Posts: 9
C Corporation loans to officer for business purpose

If the Corporation C loans the officer money for business purposes,
does the corporation still claim that money that was loaned at tax time or does the C Corp claim the money as it is paid back to the corporation?

How does the loan look on the books? A liability
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