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New Member
posted Jun 4, 2019 11:16:01 PM

Where does member contribution show on tax return form?

we are a 2 partners LLC and we both contribute the company equality as working capital to start the company.  I enter the capital money under member section, but when I review my tax form, I can't find it. Help?

0 2 4525
2 Replies
New Member
Jun 4, 2019 11:16:10 PM

As the capital contributions are neither income nor expense, these funds will not have any role on most of Form 1065. 

Aggregated partners' capital accounts will show in Section L, Balance Sheet, and in Section M-2, Analysis of Partners' Capital Accounts, with current year contributions on line 2.

An analysis of each individual partner's capital account appears on Form K-1.

New Member
Jun 4, 2019 11:16:11 PM

I enter the member contribution under each member of LLC, however it doesn't show up on partner's K-1  schedule. What could be wrong?