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Updated about 8 years ago,
Help on self funding my LLC
Okay BP family. I've funded my own portfolio since inception. Please help with the tax implications. I have made my LLC personal loans from myself with reasonable interest rate, amortization, etc. I understand the LLC can deduct the interest paid, and I have to report income received personally.
"I'm lost on the capital gains issue. If my loan to equity amount is high then I can be taxed capital gains"
Is the LLC or me personally taxed? How? How do I determine if I meet that criteria? Is there a way around it?
Geez, I feel like you get shafted every which way trying to keep a business!!
Thanks!!!