topic I have contributions to capital on my k-1, item L. Shouldn't that contribution offset part of my rental income from the k-1? And where do I enter it? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-contributions-to-capital-on-my-k-1-item-l-shouldn-t-that-contribution-offset-part-of-my/01/311020#M11850 Mon, 03 Jun 2019 18:44:02 GMT suesolberg 2019-06-03T18:44:02Z I have contributions to capital on my k-1, item L. Shouldn't that contribution offset part of my rental income from the k-1? And where do I enter it? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-contributions-to-capital-on-my-k-1-item-l-shouldn-t-that-contribution-offset-part-of-my/01/311020#M11850 Mon, 03 Jun 2019 18:44:02 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-contributions-to-capital-on-my-k-1-item-l-shouldn-t-that-contribution-offset-part-of-my/01/311020#M11850 suesolberg 2019-06-03T18:44:02Z Your capital contributed during the year in section L of... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/your-capital-contributed-during-the-year-in-section-l-of/01/311037#M11852 <P>Your capital contributed during the year in section L of the Schedule K-1 increases the <U>cost basis</U> of your share in the LLC/partnership, but does NOT offset your income reported on the K-1. You just have to enter the K-1 in your return. Your capital contribution is not entered anywhere else on your tax return.</P> Mon, 03 Jun 2019 18:44:04 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/your-capital-contributed-during-the-year-in-section-l-of/01/311037#M11852 MinhT 2019-06-03T18:44:04Z