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twbattiste
New Member

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

 
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PatriciaV
Employee Tax Expert

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

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
Employee Tax Expert

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

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.

**Join us for our "All about the refund" event, sign up here

**Mark the post that answers your question by clicking on "Mark as Best Answer"

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