M-MTax
Level 12

Other financial discussions

You've got a lot going on here so you should get a tax pro.....but you don't report deposits at the exact time they are made. At some point the members would contribute either dollars or property or both to the LLC and go from there. If the members are not just you and your spouse and if it is you don't live in a community property state then you have to file a 1065 and issue K-1s.