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Investment Transaction

ollllllloolllllllo Member Posts: 7

I have two question on a scenario and trying to get an understanding on what it means wrt accounting and tax returns.

Planning to start a new LLC in Dec 2021. We have someone interested to investment. We dont expect to have any income coming in this year but we may be incurring some expenses. So basically Capital Investment for a another company, No income, and expenses.

  1. How do we show the investment from another company in our accounts and tax returns?

  2. How will the other company investing show it on their accounts and tax returns?

edited December 16, 2021 in Using Wave
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