Member A merely covered the expense until 2021 income could cover it. So I suppose it's a "capital contribution." No change in PIP or ownership (it was not considered significant; Member B could just as well have paid the expense).
The LLC checks "Yes" on Schedule B Question 4 so my understanding is that capital accounts don't need to be listed on K-1. So can the LLC just list 0 across the board on K-1s Box III, and Member A can deduct that as a loss on his Schedule C?
