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chj3
Returning Member

Initial Capital for LLC partner

New TT user for this LLC.  Business started in 2004. Updated TT today. I am trying to enter member capital data. TT does not provide a line for entry of Last year's ending Capital for any of the members. No line or blank.  Lines for contributions and distributions are present.  How do I enter the initial capital with out the line. or how do display the line. Please help.  

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3 Replies

Initial Capital for LLC partner

You should be able to enter the figures in Forms Mode directly on the K-1s or K-1 Worksheet.

chj3
Returning Member

Initial Capital for LLC partner

Thanks for your suggestion but did not work.  Does not allow entry on k1.  Did allow entry on k-1 worksheet but does not transfer to K-1.

Initial Capital for LLC partner

It will not appear on your K-1 unless you check the appropriate box on Schedule B of your 1065.

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