Imputed Interest

[BOB W]

TValue software is excellent. It can handle anything including irregular payments, balloon payments, etc. It lists for around $130-149.

I purchased TValue last fall and Yes, it is the best. My G/L program will import the monthly interest from TValues amortization statements automatically.

Actually it is not from the printed statement but from a file TValue creates along with the printed statement that becomes part of my program's files to access during the data entry input. When the check is entered it splits principle and interest (proportionally) and post each to the correct gl account.

[veritas]

We have used this software for years.

Bob W,

What gl software are you using?

[JAinNC]

Can someone provide me with a calculator to arrive at imputed interest on a S Corp loan from shareholder with uneven (not regular) payments.

Thanks,

Sandy

I realize you asked about loans from S-corp to shareholder. Isn't a C corp loan to shareholder required to charge interest on the loan and the shareholder must include the interest in income?

[BOB W]

[QUOTE=veritas;41572]Bob W,

What gl software are you using?[/QUOTE

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