Announcement

Collapse
No announcement yet.

schedule C

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    schedule C

    I have a client who loaned her personal money to her Dress Shop. How can she use this as a deduction on her business?

    Ivey

    #2
    Schedule C

    If she loaned the money to her own dress shop, she can't. Whatever she used the money for in the dress shop is how she deducting it.

    You can't double dip.
    Jiggers, EA

    Comment


      #3
      And, I might add, that there is no such thing as loaning money to your own Sch C business, because it amounts to loaning money to yourself. But, even if it were a loan to a separate entity, how would it be deductible?

      Comment

      Working...
      X