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Old 07-22-2009, 01:22 PM
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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).



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