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Se wisc. | Boone, I talked briefly with accountant about taking distribution. Said it was possible as long as written terms and interest documented if lending back to corp. It was not recommended to lower taxable income below standard deduction as it has been increased substantially this year. Never bypass a deduction if allowed. As far as the idea of creating a deduction for interest on one entity just to have passive income on personal return it was kinda of a mute point. More of a feel good thing but must research more.
Also 10000 interest deduction would net about 8700 after tax interest income so is not a one to one.
Edited by Grhog 1/29/2019 22:02
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IRA distribution revisit
