As the capital contributions are neither income nor expense, these funds will not have any role on most of Form 1065.
- Aggregated partners' capital accounts will show in Section L, Balance Sheet, and in Section M-2;
- Analysis of Partners' Capital Accounts, with current year contributions on line 2.
- An analysis of each individual partner's capital account appears on Form K-1.
To enter a partner's contributed capital, please follow these steps:
- Go to Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click the Sch K-1 Wks to open it.
- In the Partner Information section, using the scroll bar to the right, scroll to the section for the partner who contributed the capital.
- Make the necessary entries.
- To return to the interview, click Step-by-Step at the top right of your screen.
[Edited | 4/10/2020 | 1:07pm PDT]
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