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PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4104
Experience:  35 years tax experience, including four years at a Big 4 firm.
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What would happen if I lent the corporation money and

Customer Question

What would happen if I lent the corporation money and didn't get paid back when the business closed. Would that be COD income to me?
Submitted: 6 months ago.
Category: Tax
Expert:  PDtax replied 6 months ago.
Hi from just answer. I'mCustomerI will post an offer to assist tomorrow. If you are still characterizing the debt and its term, I can offer a list of items to consider, but this is more involved than a typical question and answer. The offer will be posted in the morning.

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