contributing member is 0% profit/loss until we are profitable, and is 7% ownership. under change of ownership I get prompts for % entries, but not capital contribution.
You'll need to sign in or create an account to connect with an expert.
As the capital contributions are neither income nor expense, these funds will not have any role on most of Form 1065.
To enter a partner's contributed capital, please follow these steps:
[Edited | 4/10/2020 | 1:07pm PDT]
As the capital contributions are neither income nor expense, these funds will not have any role on most of Form 1065.
To enter a partner's contributed capital, please follow these steps:
[Edited | 4/10/2020 | 1:07pm PDT]
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TedCar
New Member
em451
New Member
ash69919
New Member
Esterházy2024
Returning Member
Wiz222
Level 2
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.