The debt for the property would show on the balance sheet for the 1065 tax return in the Liabilities and Equity section as a long-term debt.
You may be able to not report the balance sheet depending on the state you live in and if the LLC did not have more than $250,000 in earnings and $1,000,000 in assets at the end of the year.
Link to Can I skip the Balance Sheet
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
