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Business & farm
Since no stock is issued, put the $30K on the line for additional paid-in capital. line 23 on the balance sheet (2024 form). It's treated as stockholder's equity and gives you a tax basis of the same amount. this is important because it's likely you'll have to file form 7203 with your 2025 return where you have to enter your tax basis along with the k-1 info.
‎January 3, 2025
9:19 PM