QB Issue Resolution:
If you were using any accounting software other than QBSE, then my answer would be different
no, in QBSE you don’t need to, nor can you, track funds you put in the business.
And a HELOC is a personal thing, so the interest you pay is not deductible for business taxes anyway.
Resolution for Issue 'Other than the interest paid that may be tax deductible, are there any tax reasons to record draws and payments on a HELOC used for business expenses?' available: Yes (Solved).
Source: Intuit Community forum.
Other than the interest paid that may be tax deductible, are there any tax reasons to record draws and payments on a HELOC used for business expenses?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Accounting Software
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