In 2017 new S Corp. had few expenses and no income, so Retained Earnings were negative.
The initial capital contribution was posted as common stock and APIC. They do not expect to make a profit for at least another year. How should new capital contribution (to cover basic bills) be treated: (new) Additional Paid-In Capital, Loan from the shareholder, capital contribution for Basis worksheet?
Many thanks!
The initial capital contribution was posted as common stock and APIC. They do not expect to make a profit for at least another year. How should new capital contribution (to cover basic bills) be treated: (new) Additional Paid-In Capital, Loan from the shareholder, capital contribution for Basis worksheet?
Many thanks!
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