Should I classify a loan the money deposited into a brokerage account as business or personal expense?

Hi there, kevin-mcmillen1-.

Welcome to the QuickBooks Community. I'll ensure to share details how entries in QuickBooks Self-Employed (QBSE) works. Then, route you to the right person to assist you with managing loan transactions.

From QuickBooks Self-Employed, there is a lot of categories that you can choose in categorizing a loan. Then, when you classifying them, QuickBooks sets your entries on the correct line of your Schedule C. This also organizes your income and expenses so you know what areas of your self-employed business have the biggest impact.

Since every business structure is unique, I suggest consulting an accountant to ensure your records are in shipshape. They can provide suggestions on how to properly handle or classify a loan, especially with the category to use for the transaction.

I'm also adding this article to view various information on how QBSE is designed to help you record your self-employed income and expenses, track mileage, and prepare your Schedule C: QuickBooks Self-Employed Overview.

Keep me posted if you have any other questions about QuickBooks Self-Employed. I'm always up to keep helping. Have a nice day!