rjkoz
New Member

Do I enter an LLC Members Capital Contribution of Personal Property as an Asset in TurboTax Business?

I'm using TurboTax Business to create 1065/K-1s for a Multi Member LLC as a partnership.  One Member Contributed Personal Property at Fair Market Value as part of their Capital Contribution (interest).  The property is all Home Office equipment (some new, some from the partner's closed Sole Proprietorship (used an partially depreciated).  Does this property get entered into TT Business?  If so, where?