Not true my friend. Not for single member LLCs. As far as the IRS is concerned me and Base Layer Capital LLC are the same person for taxes.
Legally we are separate entities but tax wise we are the same. The loans I made? Irrelevant for the LLC, but done in case it was converted to C-Corp later. The entire LLC flows straight through to my personal taxes.
I was very concerned about this as well and I have confirmed with a human CPA this is accurate.
If it was multimember or partnership it would absolutely be taxable and this why we went single member route.