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dpetro52788
April 15, 2025
Question

How do i enter income that was money from investors into a new business?

  • April 15, 2025
  • 1 reply
  • 0 views
I started a new business and received $8000 from investors as well as put in 1000 of my own money to get it started and I don't know how to enter that

    1 reply

    T
    ThomasM125
    April 16, 2025

    That is not taxable income so it wouldn't be reported on a tax return, except to the extent you need to enter a balance sheet. If you need to enter a balance sheet, it would be entered in the equity section, as partner's capital account, common stock, paid in capital or something similar.

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