| Re: LLC Loan, Wages/Living, No Income Thanks. That's the part that I understand and have proceeded under in the past. Income directly passes through -- the confusion that I'm currently having is how that works if its not actual income to the LLC, but was used as a wage to myself.
I.e. $10,000 in loans to the LLC to pay my salary of $9,000 plus expenses -- and then $0 income for the LLC. |