turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do i enter income that was money from investors into a new business?

I started a new business and received $8000 from investors as well as put in 1000 of my own money to get it started and I don't know how to enter that
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM125
Expert Alumni

How do i enter income that was money from investors into a new business?

That is not taxable income so it wouldn't be reported on a tax return, except to the extent you need to enter a balance sheet. If you need to enter a balance sheet, it would be entered in the equity section, as partner's capital account, common stock, paid in capital or something similar.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question