StevenL Posted March 3, 2010 Report Posted March 3, 2010 Hello Everyone, Are loans by an officer of an S-Corp business to the business reported on Line 5 of form 1120S? I have looked for information on this but haven't come up with anything. I would appreciate any help you can offer. Thanks, Steven L. Quote
kcjenkins Posted March 3, 2010 Report Posted March 3, 2010 Loans are not income. Only place they would show up would be on the balance sheet. Quote
StevenL Posted March 3, 2010 Author Report Posted March 3, 2010 Loans are not income. Only place they would show up would be on the balance sheet. Thanks KC I appreciate your help. Quote
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