Level 1

Reports and accounting

I knew the answer would be complex.  Thank you for taking the time to answer.  My husband and I are the shareholders of the S-Corp, and the members of the LLC, so it has been really easy to arrange borrowing and repayment!  But, as you have stated, the CPA probably wouldn't advise these movements due to the type of reporting we pull for year-end tax prep.  Thanks again!