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For the property, Fixed Asset. For the money, Owner Equity Contribution, which is one of the 3-4 equity accounts necessary per owner, the others being draw and total equity
What kind of investment property? vacant land? rental apartments?
If the investment does not pertain somehow to the business, then it does not belong in the business books, it is a personal investment.
ie, a plumbing business would not have rental property, the rental property would be a separate business
A plumbing business that owns their own building and rents out the upstairs could have rental property but it would be tracked on Schedule E not C
Hi!
Thanks for your response.
this is an apartment building that will generate rent income
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