You'll need to sign in or create an account to connect with an expert.
The initial contributions are to the capital account, which is an equity account of a partnership. It contains the following transactions:
Startup and operating costs are included in the profit or loss of the partnership and the partner's share is added to or subtracted from their capital account.
The initial contributions are to the capital account, which is an equity account of a partnership. It contains the following transactions:
Startup and operating costs are included in the profit or loss of the partnership and the partner's share is added to or subtracted from their capital account.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
snl003
New Member
oldyoungguy
Level 3
sgaitonde
Level 2
tractng
Level 2
colonel_biggs
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.