I loaned ex ($3000) to the LLC (3 partner LLC) this last year. It shows up on 1065 Schedule L, line19a as $3000. Which gets transfered to the Partners' Liabilities Smart Worksheet in Line D, for $3000.
How should Form 1065 Schedule K Reconciliation sheet be coded in the K-1 K(3) Liab column? $1000 for each partner or $1500 for the other partners, and 0 for me?
Thanks
