Finally, I do realize that it’s possible to elect to have an S-Corp taxed as an LLC.

Unless you filed Form 8832 or Form 2553 to elect C or S Corp status for the SMLLC, it is taxed as a disregarded entity.You don't have a corporation for tax purposes.Generally, gain or loss is recognized on sale or disposal of the assets (as Michael already noted), the character of which may be capital or 1231 for rentals.Putting money into or taking money out of the SMLLC's bank accounts is not a taxable transaction.If you are uncomfortable with these dynamics you may want to work with a professional.

But cuts off our electic after ive called and made agreement to have it put over in my name on that Friday he was haveing it turned offNatualy thats not going to happen one we are in a mess with all the world in a up set with this crap going on and so we arent looking for a home right now.

Our state isn't requiring you to look for work, but they have huge numbers of jobs open right now, including for nurses.That said, I have a nurse who rents from me and she was partially laid off - her unit doesn't deal with covid, but elective side it sounds like and they have been sidelined (not fired or full lay off); another has normal hours, but is encouraged to self-isolate during all off hours, not go out for groceries, etc.

The $40k break down as follows: $25k deferred salary (max as I'm over 50), added $8k as non-elective company contribution (profit sharing - 25% x $32k for S-corp)) equaling $33k of retirement funds in my 401k, leaving $7k ($40k-$25k-$8k=$7k). 

If you elect to delay making such loan payments, the term of your loan will be appropriately extended.

They will hold another stimulus package out like a carrot until elections and maybe pass it after elections, who the package actually helps will depend on who wins and loses on election day.

Trump will hold off a downturn in the economy until after he is re-elected.”

We don’t see the wisdom and have let our elected officials know they must guard against it.

The same person is president of the that are within 25-30 miles of me.