Michael4357 wrote: ↑Feb 8th, 2019 1:38 pmThe shareholder is another corporation (my holding company). So then your saying it would make the most sense to loan the company personally from after tax dollars, because my tax rate is about 30% which is higher than the business rate. For some reason I thought that the corporation could deduct 100% of a loan loss, and personal can only deduct 50%.
Loan loss as borrowing, not trading is ABIL, 50%
if you have a receivable trade, then it is 100%
Philip Kwok, CPA, CGA