Partner 1 took a personal loan of $4000 and contributed to LLC. There are 3 partners in LLC. Only two partners (Partner 1 and 2) have agreed to make payments toward the loan (capital) that was contributed. But the payments are not coming from the LLC, they are using other sources of income not income from LLC to make the monthly payments. How should the loan contributed should be reported , would it be loans from partner? And since payments are not being made directly from LLC partner distributions how should I proceed to report payments? Partner 1 and 2 did receive guaranteed payments from work that they performed? Should I use those payments as distribution toward Partner 1's capital?
