If the an LLC is not able to pay-off financing regarding a representative, brand new affiliate can allege a detrimental personal debt deduction
If the an LLC is not able to pay-off financing regarding a representative, brand new affiliate can allege a detrimental personal debt deduction Unless the fresh representative is within the company of fabricating loans, the brand new deduction are a nonbusiness crappy obligations debts (Sec. 166). not, sometimes, people have been successful in arguing you […]