Officer Loan To C Corporation Officer lends proceeds received from a loan collateralized by real estate to his c corporation. C corporation pays P & I on the loans.
The C corporation signs a note for the proceeds to the officer and will give the officer a 1099-Int for the year. Does the loan from the officer to his closely-held C corporation qualify as an "investment"? Want to offset investment interest income against the real estate loan interest (in excess of the mortgage interest allowed). |