Money Owed To Myself?

1 ⤊

2007-12-03 19:55:41 · 4 answers · asked by Brian H 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

This makes no sense...

I would need a h e l l of a lot more information to anwer this

2007-12-03 19:58:03 · answer #1 · answered by somewherelovers 2 · 1⤊ 0⤋

If you loan money to a business you control, you cannot take a bad debt deduction for it--it's considered further capitalization.

2007-12-04 03:59:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Question posted to here?

2007-12-04 11:50:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋

No such thing. You can't "lend" money to yourself.

2007-12-04 07:05:02 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋