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If we have invested personal money in to our LLC partnership where does that get recorded?
My spouse started a partnership LLC in 2016 but it will be a loss this year. I have read that the LLC should file separately and a K1 will be issued to for us to use in our personal return. I am wondering though about our personal money we used investing in the business start up and expenses.
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May 31, 2019
9:00 PM