Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
raj27
March 2, 2024
Question

Shareholder Loan to S-Corp

  • March 2, 2024
  • 2 replies
  • 0 views

In Turbotax business software, where can we report the shareholder loan to the S-Corporation?

2 replies

M
Mike9241
March 2, 2024

it's line 19 on schedule L loans from shareholders. don't know how much it is and thus may be subject to various tax rules concerning interest payments (or imputed interest) on such debt.

 

Rick19744
Rick19744
March 3, 2024

Also don't forget that this should be reported on your personal return form 7203 as applicable.

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

Manage cookies

TRUSTe nResult Certified e-File C-Level Security Certification