I'm using TurboTax Business to create 1065/K-1s for a Multi Member LLC as a partnership. One Member Contributed Personal Property at Fair Market Value as part of their Capital Contribution (interest). The property is all Home Office equipment (some new, some from the partner's closed Sole Proprietorship (used an partially depreciated). Does this property get entered into TT Business? If so, where?
You'll need to sign in or create an account to connect with an expert.
Comments on your question and other related matters:
Comments on your question and other related matters:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Vladimir101
Level 2
malebron
New Member
malebron
New Member
Atari88
New Member
link888888
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.