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Updated over 9 years ago on . Most recent reply

User Stats

53
Posts
22
Votes
Erik Garland
  • Investor
  • High Point, NC
22
Votes |
53
Posts

Help on self funding my LLC

Erik Garland
  • Investor
  • High Point, NC
Posted

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!!!

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