Posted 1/28/2024 13:24 (#10597585 - in reply to #10597157) Subject: RE: Save on operating interest or invest in mutual funds?
Why would it not be considered pay, rent, or whatever accountant does to pull funds out of your business? The business is not buying the toy, the person is. The business is adding leverage to be withdrawn from the business as an eligible business expense. Why would the IRS care what the withdrawal is used for so long as the expense to the business is legit? Is that more clear?
Save on operating interest or invest in mutual funds?
