donna6257
New Member

Cash contributed by LLC partners this first year not showing up on K1 Part II Section L using TT Business

This is the first year LLC partnership, I used the Turbo Tax Business to create the K1's. The 3 partners contributed $20,000 in cash each to start and the amount is not in Part II Section L of the K1 for the partners under 'Capital contributed during the year. Is there some other variable as to why it is not on the K1? Is this a problem?