Thanks for your input.
Yes we filed partnership returns.
From your answer, I guess a capital investment and a loan are treated the same?
Is it because we loaned the money to the LLC that we own?
Would it be different if we have lent to an LLC that we did not own?
I am asking because We had an initial capital investment in the LLC that we used to purchase equipment. Then we needed extra funds so we made a loan to the LLC. Those extra funds went into infrastructure, operations and additional equipment.
