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personal loan to s corp

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zachyduddy

Junior Member
What is the name of your state (only U.S. law)? Missouri

if I take out money from an IRA to loan to my S Corp for equipment purchases,
can I include the additional taxes I will have to pay for taking money from an IRA as part of the loan to the S Corp?
 


LdiJ

Senior Member
Its also a bad idea all the way around. You would be better off leasing the equipment or taking out a loan to purchase the equipment.
 

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