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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?
‎June 3, 2019
10:50 AM