Does a partner in a LLC with a loss have to contribute to his capital account that portion of the loss that includes depreciation ?

twbattiste · ‎June 3, 2019

PatriciaV · ‎June 3, 2019

Capital contributions are defined and regulated by the Member Agreement of the LLC. It would be up to the managing member(s) to decide if the agreement precludes depreciation from the capital contribution requirements.

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PatriciaV · ‎June 3, 2019

Capital contributions are defined and regulated by the Member Agreement of the LLC. It would be up to the managing member(s) to decide if the agreement precludes depreciation from the capital contribution requirements.

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Does a partner in a LLC with a loss have to contribute to his capital account that portion of the loss that includes depreciation ?