1120C loan

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  • LBR
    Member
    • Mar 2014
    • 37

    #1

    1120C loan

    A 100% owner of a C corp. loaned the corp. $10,000.00 in 2013, where is that amount entered on the 1120?
  • JohnH
    Senior Member
    • Apr 2007
    • 5339

    #2
    "Loans from Shareholders" in the"Liabilities" section of the balance sheet is the first thing that comes to mind.
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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